Crypto Sector Unites: Over 65 Organizations Call on Trump to Protect Tornado Cash's Roman Storm
Intervention Request: Over 65 blockchain companies and organizations have urged President Trump to intervene in the case of Roman Storm, co-founder of Tornado Cash, who was found guilty of operating an unlicensed money-transmitting business but maintains that "writing code is not a crime."
Call for Regulatory Clarity: The letter to Trump requests the Department of Justice to drop pending charges against Storm, and asks the SEC and CFTC for clearer regulations and improved tax guidance to support innovation in the U.S. crypto sector.
Concerns Over Legal Precedents: The ongoing legal proceedings against Storm could set significant precedents for how blockchain developers are treated, potentially impacting regulatory clarity and the future of technological innovation in the country.
Industry Support for Innovation: The groups involved argue that balanced government support can position the U.S. as a leader in blockchain technology while ensuring regulations foster growth and protect legitimate software development.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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