SEC Approves DTCC to Provide Tokenization Services for Securities Market
SEC Grants No-Action Letter: The US SEC has issued a no-action letter to the Depository Trust Company (DTC), allowing it to launch a new service for tokenizing real-world assets, including highly liquid assets like the Russell 1000 index and US Treasury securities.
Tokenization Benefits: DTCC CEO Frank La Salla highlighted that tokenizing the US securities market could lead to significant advantages such as improved collateral mobility, new trading methods, 24/7 access, and programmable assets.
Service Duration and Compliance: The no-action letter permits DTC to offer its tokenization service on approved blockchains for three years, ensuring that digital assets maintain the same rights and protections as their traditional counterparts.
SEC's Evolving Stance on Crypto: The SEC, under Chair Paul Atkins, has shown a more favorable approach towards the crypto industry, recently issuing multiple no-action letters to facilitate the integration of crypto products within its regulatory framework.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL) As of , Solana (SOL) 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 SOL 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, SOL 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 $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 15.911 | 41.706 | 67.261 | 93.056 | 118.611 | 144.406 | 169.961 |
| Fibonacci | 41.706 | 61.321 | 73.44 | 93.056 | 112.671 | 124.79 | 144.406 |
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