Hoskinson Claims Trump Coin Delayed U.S. Cryptocurrency Legislation Efforts
Impact of Trump Coin on Crypto Legislation: Charles Hoskinson stated that the launch of Trump Coin shifted U.S. crypto regulation from bipartisan reform to partisan politics, complicating the passage of the Clarity Act and weakening cross-party cooperation.
Political Ramifications: Lawmakers feared that supporting crypto legislation would be perceived as endorsing Trump-linked ventures, which turned crypto regulation into a campaign issue ahead of the 2026 midterms and associated it with corruption narratives.
Market Effects of Regulatory Uncertainty: Hoskinson noted that regulatory delays increased market uncertainty, leading to Bitcoin outperforming altcoins, and suggested that clearer rules could have reduced volatility and improved market recovery.
Call for Timely Regulation: He emphasized that earlier passage of the Clarity Act could have shifted focus to rulemaking, allowing for a more stable environment for crypto projects, including those linked to Trump.
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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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