Waters Calls for Hearing to Scrutinize SEC's Crypto Policy Changes
- Call for Policy Review: U.S. Representative Maxine Waters has written to House Financial Services Committee Chair French Hill, urging a hearing to examine SEC Chairman Paul Atkins' policy changes regarding crypto cases, reflecting a strong concern for the transparency of SEC policies.
- Enforcement Actions Questioned: Waters pointed out that the SEC has terminated or stayed major enforcement actions against multiple crypto companies, including Coinbase and Binance, during the Trump administration, raising doubts about its independence and market surveillance capabilities, which could lead to decreased investor confidence.
- Concerns Over Politicization: Waters emphasized that the SEC's policy shifts may be politically influenced, arguing that the committee needs to investigate how the SEC intends to deter fraud and market manipulation to maintain market fairness and transparency.
- Uncertain Industry Outlook: With Democrats holding a 75% chance of winning a House majority, Waters' hardline stance could negatively impact the crypto industry, especially as crypto policies become increasingly politicized, posing greater regulatory risks for the sector.
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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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