CryptoSpiel.com
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
CryptoSpiel.com
No Result
View All Result

Elon Musk claims European Commission offered X ‘secret illegal deal’ amid DSA probe

July 12, 2024
in Regulations
Reading Time: 2 mins read
A A
0
Elon Musk claims European Commission offered X ‘secret illegal deal’ amid DSA probe
0
SHARES
5
VIEWS
ShareShareShareShareShare

RELATED POSTS

SEC fight over tokenized stocks could decide whether Wall Street keeps control

Brutal Regulatory Crackdown Will Hit Crypto Without CLARITY, Warns Coin Center

SEC Chair Atkins just confirmed shock $68T timeline for tokenized markets that leaves legacy infrastructure dangerously exposed

X CTO and chairman Elon Musk claimed the European Commission (EC) allegedly offered the social media platform an “illegal secret deal” to censor speech if it wanted to avoid being fined in the EU.

Musk made the claims on social media on July 12 in response to the EC publishing the preliminary findings of an in-depth investigation under the Digital Services Act (DSA), which claims the platform does not “comply with the DSA in key transparency areas.”

According to Musk, the EC offered to refrain from imposing a fine if X “quietly censored speech without telling anyone.” He added:

“The other platforms accepted that deal. X did not.”

In a separate tweet, Musk said X “look[s] forward to a very public battle in court.”

Blue check, data access concerns

The European Commission’s investigation findings state that X breached the DSA in areas related to dark patterns — sometimes called deceptive design patterns — advertising transparency and data access for researchers.

The report asserted that the platform’s so-called “Blue checkmarks” and verified accounts deceive users, as anyone can obtain them. It added that these systems are often abused by bad actors.

The report also said that X does not provide a searchable and reliable advertising repository and includes barriers that prevent supervision and research about risk.

Additionally, the social media platform does not provide eligible researchers access to public data in compliance with the DSA. X’s terms of service ban scraping, while its API access process allegedly dissuades researchers from using the data and includes high fees.

Potential fines

The EC said X can now exercise its rights of defense through a written response and added that it will consult further on the issue with the European Board for Digital Services in tandem. The final decision has yet to be made.

The preliminary findings point to compliance failures that could result in heft fines of up to 6% of the platform’s worldwide annual turnover. Additionally, the platform would have to address the issue to continue operating in the EU.

The decision could also include an enhanced supervision period and periodic penalty payments.

Mentioned in this article

Credit: Source link

Buy JNews
ADVERTISEMENT
ShareTweetSendPinShare
Previous Post

Judge Criticizes Coinbase’s Attempt to Subpoena SEC Chair Gary Gensler

Next Post

Seven Years of Binance: CEO Richard Teng Shares Insights on Achievements and Future Goals

Related Posts

SEC fight over tokenized stocks could decide whether Wall Street keeps control
Regulations

SEC fight over tokenized stocks could decide whether Wall Street keeps control

April 7, 2026
Brutal Regulatory Crackdown Will Hit Crypto Without CLARITY, Warns Coin Center
Regulations

Brutal Regulatory Crackdown Will Hit Crypto Without CLARITY, Warns Coin Center

March 30, 2026
SEC Chair Atkins just confirmed shock $68T timeline for tokenized markets that leaves legacy infrastructure dangerously exposed
Regulations

SEC Chair Atkins just confirmed shock $68T timeline for tokenized markets that leaves legacy infrastructure dangerously exposed

December 8, 2025
Next Post
Seven Years of Binance: CEO Richard Teng Shares Insights on Achievements and Future Goals

Seven Years of Binance: CEO Richard Teng Shares Insights on Achievements and Future Goals

BlockDAG Achieves Top ROI in Crypto

BlockDAG Achieves Top ROI in Crypto

Recommended Stories

No Content Available

Popular Stories

  • Winklevoss Twins Continue Crypto Donation Spree With Another $1,000,000 in Bitcoin (BTC)

    Trader Says DeFi Altcoin Aave Witnessing Clear Trend Switch, Updates Forecast on Two Low-Cap Coins

    0 shares
    Share 0 Tweet 0
  • A Comprehensive Guide on How to Buy PENDLE

    0 shares
    Share 0 Tweet 0
  • Japan’s 20% crypto tax sets a new bar in Asia, pressuring Singapore and Hong Kong as retail costs fall

    0 shares
    Share 0 Tweet 0
  • LangChain Expands DeepAgents Capability with New Update

    0 shares
    Share 0 Tweet 0
  • Australia’s ASIC fines Kraken operator Bit Trade $5M for regulatory breaches

    0 shares
    Share 0 Tweet 0
CryptoSpiel.com

This is an online news portal that aims to provide the latest crypto news, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • Ripple CEO Says CLARITY Act Talks Near Breakthrough as Senate Standoff Eases
  • SEC Opens Proceedings on NYSE Proposal to List Grayscale Crypto ETF Options – Regulation Bitcoin News
  • Anthropic Reveals Claude Code Tool Design Philosophy Behind AI Agent Development

Subscribe Now

Loading
  • Live Crypto Prices
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - cryptospiel.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams

© 2021 - cryptospiel.com - All rights reserved!

Please enter CoinGecko Free Api Key to get this plugin works.