Bybit Crypto Exchange Suffers Record-Breaking $1.4 Billion Ethereum Theft
Crypto exchange Bybit announces massive Ethereum theft, largest in history, with hackers stealing 401,346 ETH worth $1.4 billion from an offline wallet.
Riley King
President Donald Trump has announced plans to roll back energy efficiency standards for lightbulbs, reigniting the so-called "lightbulb wars" that began during his first term in office. In a post on his social media platform Truth Social, Trump stated that he will direct his appointee Lee Zeldin, the administrator of the Environmental Protection Agency, to "go back to the common sense standards" for lightbulbs.
Trump's move is seen as a reversal of the Biden administration's stricter rules on energy efficiency, which most incandescent bulbs cannot meet. The US has been trying to phase out inefficient lightbulbs since 2007, when George Bush signed the Energy Independence and Security Act into law. Trump rolled back those standards in 2019, and now he's taking aim at the Biden-era standards that accelerated the adoption of LED lighting.
The president's decision has sparked concerns about energy efficiency and climate change. Old-school incandescent bulbs are far less efficient than their newer counterparts, losing about 90 percent of their energy as heat. In contrast, household LEDs typically use at least 75 percent less energy than incandescent bulbs and can last up to 25 times longer. The International Energy Agency reports that LEDs are already the leading lighting technology in homes globally.
Trump's crusade against more efficient lightbulbs dates back to his first term, when he claimed that "you look better with incandescent lights" and that "of course being a vain person, that's very important to me." However, his administration's efforts to derail energy efficiency initiatives are seen as part of a broader strategy to promote fossil fuels and undermine action on climate change.
Oil and gas companies, which pumped more than $75 million into Trump's campaign and Republican efforts during the last election cycle, are likely to benefit from the president's decision. Trump's pick for the Department of Energy, fossil fuel executive Chris Wright, has been instrumental in setting higher efficiency standards for lightbulbs before Trump stepped into office.
The implications of Trump's decision extend beyond the lightbulb industry, as it signals a broader rollback of energy efficiency standards for appliances and devices. The president has indicated that he will also weaken standards for sinks, showers, toilets, washing machines, and dishwashers, sparking concerns about the environmental impact of his policies.
As the US continues to grapple with the challenges of climate change, Trump's decision to prioritize incandescent bulbs over LEDs has sparked widespread criticism. Environmental groups and energy experts argue that the move is a step backward in the fight against climate change, and that it will ultimately harm American consumers who will be forced to pay higher energy bills.
In conclusion, Trump's decision to roll back energy efficiency standards for lightbulbs is a controversial move that has sparked intense debate about the role of government in promoting sustainable energy practices. As the US continues to navigate the complexities of climate change, it remains to be seen whether Trump's policies will ultimately benefit American consumers or exacerbate the environmental challenges facing the nation.
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