- 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.
Crypto lawyer John Deaton shared his frustration and dismay concerning the European authority’s move against X. Meanwhile, Ripple CTO David Schwartz consoled Deaton via a response tweet, citing, “Don’t worry, John.”
Schwartz’s tweet demonstrated his optimistic beliefs about the government’s rightful action in policing misinformation. He stated, “You can be confident European authorities will fairly police misinformation both in favor of and against the government’s preferred narrative.”
Previously, on October 10, the European government issued a letter against the dissemination of fake news on the X platform, instructing Musk to adopt necessary strategies to restrict it. The authority shared a clear picture of the Digital Service Act, which sets “very precise obligations regarding content modification.”
While Musk demanded European Union Industry Chief Thierry Breton clarity for allegations, the latter asserted that the X users spread “reports on fake content and glorification of violence.”
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
