EU Fines X for Disinformation: How a Tech Crackdown Could Impact Crypto

The European Union is poised to impose a hefty penalty on Elon Musk’s social media platform, X (formerly Twitter), for failing to comply with the Digital Services Act (DSA). This landmark legislation aims to combat online disinformation and ensure user safety. A potential fine of over $1 billion may force X to make significant changes to its operations, raising concerns about the crypto market’s stability.