The US Congress presents 5 bills avoid monopoly technology, which could cause the division of companies such as Amazon or Google. The U.S. Congress is preparing five bills that would force the big tech brands to slightly modify their business model and even carry out a deep remodeling of their structure that could even lead to dividing one company into several.

These bills would create a completely new view of the anti-monopoly law, directing this to the tech giants to prevent a monopoly situation, cutting to a certain extent the power of these companies, which in many cases has been acquired by the purchase of other companies.

The monopoly situation hinders innovation and is unfair to the weaker competitors of these giant companies. That is why ensuring free competition has become the objective of this legislative initiative.

US Congress presents 5 bills avoid monopoly technology

In fact, one of the bills states that it will be illegal for a platform operator to control more business in addition to the platform itself when it causes a conflict of interest. This would affect companies such as Apple, Google and Amazon, which in addition to having their own platforms, offer their services on them along with those of their competitors in those businesses.

Which, it should be clarified, is not an inconvenience as long as they do not promote their own services above the rest, and this is what they are trying to prevent.

On the other hand, it would also force the platforms with the highest level of users to have certain standards that allow users to leave their platform by taking their data to another platform in a simple way.

US Congress presents 5 bills avoid monopoly technology

The 5 bills have the support of Democrats and Republicans, which allows to see quite clearly the unanimity that there is when imposing restrictions on large technology companies, which today are much more powerful than a few years ago.

In 2020 there were already several executives of big brands summoned to testify in the US Congress due to investigations that showed indications that these companies abuse their dominant position in different digital markets. Something that logically harms smaller companies and makes competition difficult.

US Congress presents 5 bills avoid monopoly technology: And in this line, another of the bills seeks that large technology companies have to prove that they are carrying out a legal purchase when they acquire another company, in order to prevent the most powerful companies from buying from their competitors as they improve their position.

These bills come shortly after the leaders of the G7 have agreed to promote the creation of a minimum corporate tax that would also force large technology companies to pay taxes in each country in which they operate, in order also to regulate their activity.

US Congress presents 5 bills avoid monopoly technology

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Bookmakers point to odds of up to 60% that bitcoin will drop from $ 10,000 this year

Bets indicate that there is an increasing probability that the price of bitcoin will drop to $ 10,000 this year, according to the betting and statistics pages.

The odds are 8 to 11, or 57.9%, that the world's best-known cryptocurrency will drop at a price not seen since October 2020, according to the website. To give you the idea, a value of $ 10,000 represents a drop of more than 70% of the price of bitcoin.

"The stakes have changed again, and the odds suggest that there may be another drop below $ 10,000, although it does not look like it will be this year, implying that the cryptocurrency will continue to fall," the website reports.

The odds of a fall below $ 10,000 have increased since mid-April, when they were at 20%. At that time, bitcoin hit an all-time high of $ 64,804.72, coinciding with Coinbase's exchange debut.

But since reaching peak value, cryptocurrency has fallen by more than 40%, hit by a series of regulatory threats from China and the United States, including the US Treasury Department's plan to have cryptocurrency transfers of at least $ 10,000 declared. Bitcoin's value was also affected after Tesla announced it would stop accepting the coin as payment for its vehicles, citing environmental concerns related to bitcoin mining.

There are even more pessimistic opinions, as there is a nearly 3% chance that the value of bitcoin will drop to below $ 1,000. Although from the homes themselves claim that it is highly unlikely.