Coinbase CEO Brian Armstrong Warns US Could Miss Out on 'Crypto Capital of the World' Status If Proposed Policy Is Approved
Concerns Over New Proposal: Coinbase CEO Brian Armstrong criticized a new proposal from Senate Democrats that could classify decentralized finance (DeFi) operations as broker activities, warning it could hinder innovation and push the DeFi industry overseas.
Industry Pushback: The Blockchain Association and other industry leaders argue that the proposal would create complex regulations that could effectively ban DeFi in the U.S., urging lawmakers to support rather than hinder technological advancement.
Impact on Financial Innovation: Analysts warn that strict regulations on DeFi could slow down American progress in digital asset innovation, as major banks explore blockchain solutions while the Senate debates oversight between the SEC and CFTC.
Potential for a Two-Tier System: The proposed regulations could lead to a financial landscape where traditional banks dominate permissioned blockchains, while DeFi innovation moves offshore, potentially excluding American startups and retail investors from future opportunities.
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Technical Analysis for C
Technical Sentiment Analysis for Chainbase (C) As of , Chainbase (C) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for C stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, C is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Chainbase (C) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0194 | 0.0327 | 0.0461 | 0.0594 | 0.0728 | 0.0861 | 0.0995 |
| Fibonacci | 0.0327 | 0.0429 | 0.0492 | 0.0594 | 0.0696 | 0.0759 | 0.0861 |
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