Coin Edition -
- David Schwartz remains optimistic about the government’s rightful action.
- John Deaton shared his frustration over the authority’s move against the platform.
- The European government issued a warning against the spread of misinformation on Twitter.
The crypto community on X (formerly Twitter) has been grappling with the dissemination of misinformation over the past few days, especially following the Hamas attack on Israel. While the European government has taken the initiative to impose a fine on X, influential figures, including David Schwartz and John Deaton, came forward to exchange their comments.
Messari Founder and CEO Ryan Selkis shared a thread on X about the European authority’s letter to the owner of X, Elon Musk, in which the government warned him to prevent the spread of “illegal content and disinformation in the EU.”
As per Selkis’ tweet, the government has decided to “fine X 6% of global revenue” if Musk doesn’t tackle the spread of “misinformation.” While X is reportedly identified by the European Union as the major medium for spreading fake news, no other media, including the BBC or the New York Times, would be fined.
As a reminder, authorities in Europe are threatening to fine Twitter 6% of global revenue if they don't better combat undefined "misinformation" – no penalties will be forthcoming to BBC and the NY Times, of course, and Twitter was a primary tool in countering their lies. https://t.co/CEODkRn61t— Ryan Selkis