The AFL-CIO, the largest federation of unions in the United States, has voiced strong opposition to the latest legislative proposal on crypto assets in the Senate. Through a letter signed by its director of federal governmental affairs, George J. Sponson, the organization has issued serious criticism of the crypto bill, arguing that it weakens existing protections for investors and workers rather than strengthening them. The document details the union’s objections to the Lummis-Gillibrand Responsible Financial Innovation Act. According to the AFL-CIO, the proposal is actually deregulation in disguise, caving to pressure from the crypto industry. They warn that the bill…
Author: Luis Malave
Luis Malave
A journalist specializing in the crypto ecosystem, with over a decade of experience analyzing the evolution of digital assets and blockchain technology.Bringing a critical and deeply informed perspective, he has dedicated himself to deciphering market complexities for global audiences, establishing himself as a leading voice in specialized financial journalism.
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Bitcoin production in September showed a notable slowdown for most of the main mining companies in the sector. This phenomenon occurred in a context of growing competition and a historic increase in the network’s mining difficulty, which has tested the profitability of operators. The information comes from the most recent production reports published by the mining companies themselves. The main reason behind this contraction is the unprecedented increase in mining difficulty, which reached a record of 142.34 trillion. This indicator reflects the amount of computational power needed to mine a Bitcoin block. Therefore, a higher level implies greater energy and…
