White House Advisor Criticizes Coinbase Withdrawal from Crypto Bill
- Delay in Market Structure Bill: Patrick Witt warned that delaying the crypto market structure bill risks stricter future regulations, despite the current favorable political climate for crypto, emphasizing the need for a regulatory framework to avoid uncertainty.
- Impact of Coinbase Withdrawal: Coinbase's withdrawal of support before Senate consideration, opposing provisions affecting stablecoin rewards and tokenized equities, led to the Senate Banking Committee pausing the bill's markup, impacting the progress of crypto legislation.
- Increasing Industry Divisions: While the Senate Agriculture Committee moves forward with its own version of the bill, significant divisions remain within the industry, with Andreessen Horowitz supporting the bill's advancement, while Clearpool warns that unclear yield definitions could disrupt liquidity markets.
- Need for Compromise: Witt urged lawmakers and industry participants to accept compromises to secure Senate support, noting that even imperfect legislation requires concessions to achieve the necessary 60 votes, stressing that delays could lead to stricter future regulations.
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Technical Analysis for CPOOL
Technical Sentiment Analysis for Clearpool (CPOOL) As of , Clearpool (CPOOL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CPOOL 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, CPOOL 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 $-.
Clearpool (CPOOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0114 | 0.00266 | 0.0119 | 0.026 | 0.0352 | 0.0493 | 0.0586 |
| Fibonacci | 0.00266 | 0.0116 | 0.0171 | 0.026 | 0.0349 | 0.0404 | 0.0493 |
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