{"id":10648,"date":"2025-04-04T10:35:52","date_gmt":"2025-04-04T08:35:52","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=10648"},"modified":"2025-04-04T10:35:52","modified_gmt":"2025-04-04T08:35:52","slug":"eu-considers-1-billion-penalty-for-elon-musks-x-over-illicit-content-and-misinformation","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/04\/04\/eu-considers-1-billion-penalty-for-elon-musks-x-over-illicit-content-and-misinformation\/","title":{"rendered":"EU Considers $1 Billion Penalty for Elon Musk\u2019s X Over Illicit Content and Misinformation"},"content":{"rendered":"<p><\/p>\n<div data-v-a9acf736=\"\">\n<p>Regulators from the European Union are reportedly contemplating a $1 billion penalty against Elon Musk\u2019s platform X, considering income from his additional enterprises, such as Tesla and SpaceX, as indicated by The New York Times.<\/p>\n<p>Officials from the EU assert that X has breached the Digital Services Act and intend to apply a provision of the act to determine a fine based on revenue that <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/crypto-entrepreneur-bankrolls-spacex-flight-first-manned-polar-orbit\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">incorporates other firms Musk<\/a> manages, <a data-ct-non-breakable=\"null\" href=\"https:\/\/www.nytimes.com\/2025\/04\/03\/technology\/eu-penalties-x-elon-musk.html\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">as per<\/a> an April 3 article by the publication, which referenced four individuals familiar with the strategy.<\/p>\n<p>According to the Digital Services Act, which was enacted in October 2022 to <a data-ct-non-breakable=\"null\" href=\"https:\/\/commission.europa.eu\/strategy-and-policy\/priorities-2019-2024\/europe-fit-digital-age\/digital-services-act_en\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">regulate<\/a> social media firms and \u201cmitigate illicit and detrimental operations online,\u201d businesses can incur fines of up to 6% of worldwide revenue for infractions.<\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2040516\" data-buzzsprout-episode-id=\"16834588\"\/><\/p>\n<p>A representative for the European Commission, the legislative body of the bloc, refrained from commenting on this matter to The New York Times but stated that it would \u201cpersist in enforcing our regulations fairly and without bias toward any companies operating in the EU.\u201d<\/p>\n<p>In a statement, X\u2019s Global Government Affairs team <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/GlobalAffairs\/status\/1907963263419297893\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">declared<\/a> that if the information regarding the EU&#8217;s intentions is correct, it \u201cmarks an unparalleled act of political censorship and an assault on free expression.\u201d<\/p>\n<p>\u201cX has exceeded expectations in complying with the EU\u2019s Digital Services Act, and we will explore every avenue available to defend our enterprise, ensure our users&#8217; safety, and safeguard freedom of speech throughout Europe,\u201d asserted X&#8217;s global government affairs division.<\/p>\n<figure><figcaption style=\"text-align: center;\">\n<p><em>Source: <\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/GlobalAffairs\/status\/1907963263419297893\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em>Global Government Affairs<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n<p>In addition to the fine, EU regulators may potentially request alterations to products at X, with the complete range of penalties expected to be detailed in the following months.<\/p>\n<p>Nevertheless, a resolution may be achievable if the social media entity consents to modifications that meet the regulators&#8217; approval, according to the Times.<\/p>\n<p>One of the officials who spoke with the Times also mentioned that X is undergoing a second inquiry claiming that the platform\u2019s strategy for managing user-generated content has turned it into a center for unlawful hate speech and misinformation, which could lead to further penalties.<\/p>\n<h2>X EU investigation ongoing since 2023<\/h2>\n<p>The EU probe <a data-ct-non-breakable=\"null\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_23_6709\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">initiated<\/a> in 2023. A preliminary judgment in July 2024 <a data-ct-non-breakable=\"null\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_24_3761\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">determined<\/a> that X had <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/elon-musk-x-face-eu-fines-200-m-dsa-violations-twitter-blue-check\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">breached the Digital Services Act<\/a> by neglecting to deliver data to external researchers, failing to provide sufficient transparency regarding advertisers, or verifying the identities of users with verified accounts.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/elon-musk-says-he-found-magic-money-computers-federal-government-audit-doge\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em><strong>Musk claims he discovered \u2018magic money computers\u2019 generating funds \u2018out of nothing\u2019<\/strong><\/em><\/a><\/p>\n<p>X countered the ruling with numerous points of contention, and <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/elon-musk-eu-free-speech-law\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">Musk asserted<\/a> at that moment that he had been presented with a proposition<\/p>\n<p>alleging that EU regulators informed him that if he covertly suppressed specific content, X would evade fines.<\/p>\n<p>Thierry Breton, the previous EU commissioner for the internal market, <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/ThierryBreton\/status\/1811811489889517697?lang=en-GB\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">stated<\/a> in a July 12 X message in 2024 that there was no covert arrangement and that X\u2019s team had requested the \u201cCommission to elucidate the process for settlement and clarify our concerns,\u201d and its reply was consistent with \u201cestablished regulatory protocols.\u201d<\/p>\n<p>Musk <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/elonmusk\/status\/1811805084981834164\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">responded<\/a> he anticipated \u201ca very public conflict in court so that the population of Europe can uncover the truth.\u201d<\/p>\n<figure><img decoding=\"async\" alt=\"European Union, Elon Musk\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/0195ff4a-83a5-75d6-b519-4d8fb7b41995\" title=\"\"\/><figcaption style=\"text-align: center;\">\n<p><em>Source: <\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/ThierryBreton\/status\/1811811489889517697?lang=en-GB\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em>Thierry Breton<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n<p><em><strong>Magazine: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/magazine\/xrp-ripple-bad-actor-no-precedent-legal\/\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em><strong>XRP triumph leaves Ripple a \u2018bad actor\u2019 with no crypto legal precedent established<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\" label=\"Subscription Form: DeFi Newsletter\"\/><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/eu-could-fine-elon-musk-x-based-on-tesla-space-x-revenue?utm_source=rss_feed&#038;utm_medium=rss_tag_regulation&#038;utm_campaign=rss_partner_inbound\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Regulators from the European Union are reportedly contemplating a $1 billion penalty against Elon Musk\u2019s platform X, considering income from his additional enterprises, such as Tesla and SpaceX, as indicated by The New York Times. Officials from the EU assert that X has breached the Digital Services Act and intend to apply a provision of<\/p>\n","protected":false},"author":3,"featured_media":10649,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[1985,1984],"class_list":["post-10648","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-and-markets","tag-disinformation","tag-return-a-list-of-comma-separated-tags-from-this-title-eu-could-fine-elon-musks-x-1b-over-illicit-content"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EU Considers $1 Billion Penalty for Elon Musk\u2019s X Over Illicit Content and Misinformation - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/04\/04\/eu-considers-1-billion-penalty-for-elon-musks-x-over-illicit-content-and-misinformation\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EU Considers $1 Billion Penalty for Elon Musk\u2019s X Over Illicit Content and Misinformation - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"Regulators from the European Union are reportedly contemplating a $1 billion penalty against Elon Musk\u2019s platform X, considering income from his additional enterprises, such as Tesla and SpaceX, as indicated by The New York Times. 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