• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
  • Disclaimer
Friday, July 12, 2024
CryptoBangs.com
Advertisement
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Altcoin
    • NFT News
  • DeFi
  • Blockchain
  • Regulation
  • Shop
  • Blog
  • Calculator
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Altcoin
    • NFT News
  • DeFi
  • Blockchain
  • Regulation
  • Shop
  • Blog
  • Calculator
No Result
View All Result
CryptoBangs.com
No Result
View All Result

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

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

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

Related articles

SEC ends years-long probe into Slacks without recommending further enforcement

SEC ends years-long probe into Slacks without recommending further enforcement

July 12, 2024
UK Law Commission sets roadmap to identifying legal status of DAOs

UK Law Commission sets roadmap to identifying legal status of DAOs

July 12, 2024
ShareTweetSendPinShare
Previous Post

Will XRP Skyrocket to $3.81 By 2030?

Next Post

SHIB Eyes $0.01 As New Developments Crowd Shibarium

Related Posts

SEC ends years-long probe into Slacks without recommending further enforcement

SEC ends years-long probe into Slacks without recommending further enforcement

July 12, 2024

The SEC has closed its investigation into Hiro and the Stacks blockchain without recommending any enforcement action, according to a...

UK Law Commission sets roadmap to identifying legal status of DAOs

UK Law Commission sets roadmap to identifying legal status of DAOs

July 12, 2024

The UK Law Commission has released a scoping paper addressing the potential legal characterization of Decentralized Autonomous Organizations (DAOs) in...

House fails to counter Biden veto and rescind SAB 121 in latest vote

House fails to counter Biden veto and rescind SAB 121 in latest vote

July 11, 2024

The US House of Representatives obtained insufficient votes to overrule President Joe Biden’s earlier veto and rescind SEC Staff Accounting...

SEC ends probe into Paxos, no actions on BUSD stablecoin

SEC ends probe into Paxos, no actions on BUSD stablecoin

July 11, 2024

The US Securities and Exchange Commission (SEC) has ended its investigation into stablecoin issuer Paxos.On July 11, Paxos announced that...

CFTC ‘happy’ to become primary regulator for digital assets, reducing SEC role – Chair Behnam

CFTC ‘happy’ to become primary regulator for digital assets, reducing SEC role – Chair Behnam

July 10, 2024

CFTC chair Rostin Behnam said the agency is open to serving as a primary regulator for crypto during a Senate...

Load More
Next Post
SHIB Eyes $0.01 As New Developments Crowd Shibarium

SHIB Eyes $0.01 As New Developments Crowd Shibarium

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tether 24 hour trading volume surpasses Bitcoin, Solana, USDC and Ethereum combined

Tether 24 hour trading volume surpasses Bitcoin, Solana, USDC and Ethereum combined

July 8, 2024
Bitcoin ETFs Capture $216M in Third Consecutive Day of Inflows

Bitcoin ETFs Capture $216M in Third Consecutive Day of Inflows

July 10, 2024
How High Can Floki Trade This Week?

How High Can Floki Trade This Week?

July 9, 2024
Bitcoin As A Notarization Layer For Political Agreements

Bitcoin As A Notarization Layer For Political Agreements

July 9, 2024
Cronos (CRO) Mainnet V1.3 Upgrade Scheduled at Block Height 14,920,000

Cronos (CRO) Mainnet V1.3 Upgrade Scheduled at Block Height 14,920,000

July 6, 2024
CryptoBangs.com

CryptoBangs.com is an online news portal that aims to share the latest crypto news, bitcoin, altcoin, blockchain, nft news and much more stuff like that.

What’s New Here!

  • SHIB Eyes $0.01 As New Developments Crowd Shibarium
  • Elon Musk claims European Commission offered X ‘secret illegal deal’ amid DSA probe
  • Will XRP Skyrocket to $3.81 By 2030?
  • IBM Quantum Advances with Scalable Error-Corrected Systems

Newsletter

Don't miss a beat and stay up to date with our Newsletter!
Loading

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
  • Disclaimer

© 2023 - CryptoBangs.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Altcoin
    • NFT News
  • DeFi
  • Blockchain
  • Regulation
  • Shop
  • Blog
  • Calculator

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$57,295.00-1.49%
  • ethereumEthereum(ETH)$3,078.61-1.54%
  • tetherTether(USDT)$1.00-0.06%
  • binancecoinBNB(BNB)$522.53-1.08%
  • solanaSolana(SOL)$135.85-4.91%
  • usd-coinUSDC(USDC)$1.00-0.08%
  • staked-etherLido Staked Ether(STETH)$3,080.42-1.44%
  • rippleXRP(XRP)$0.4664034.42%
  • the-open-networkToncoin(TON)$7.301.77%
  • dogecoinDogecoin(DOGE)$0.106437-2.37%
  • cardanoCardano(ADA)$0.4000811.66%
  • tronTRON(TRX)$0.1359071.08%
  • avalanche-2Avalanche(AVAX)$25.25-1.66%
  • shiba-inuShiba Inu(SHIB)$0.000016-2.67%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$57,275.00-1.59%
  • polkadotPolkadot(DOT)$5.87-4.24%
  • chainlinkChainlink(LINK)$12.46-2.87%
  • bitcoin-cashBitcoin Cash(BCH)$350.192.13%
  • uniswapUniswap(UNI)$7.83-1.96%
  • leo-tokenLEO Token(LEO)$5.802.25%
  • nearNEAR Protocol(NEAR)$4.862.96%
  • daiDai(DAI)$1.00-0.12%
  • litecoinLitecoin(LTC)$69.052.10%
  • matic-networkPolygon(MATIC)$0.498934-3.02%
  • Wrapped eETHWrapped eETH(WEETH)$3,199.85-1.80%
  • kaspaKaspa(KAS)$0.165467-2.57%
  • PepePepe(PEPE)$0.000009-6.67%
  • Ethena USDeEthena USDe(USDE)$1.00-0.07%
  • internet-computerInternet Computer(ICP)$7.22-2.10%
  • ethereum-classicEthereum Classic(ETC)$20.93-0.68%
  • moneroMonero(XMR)$159.100.50%
  • fetch-aiArtificial Superintelligence Alliance(FET)$1.13-4.90%
  • aptosAptos(APT)$6.01-3.49%
  • stellarStellar(XLM)$0.0913283.32%
  • hedera-hashgraphHedera(HBAR)$0.065745-1.45%
  • cosmosCosmos Hub(ATOM)$5.97-2.36%
  • crypto-com-chainCronos(CRO)$0.0868702.67%
  • blockstackStacks(STX)$1.57-5.65%
  • filecoinFilecoin(FIL)$4.061.82%
  • render-tokenRender(RNDR)$5.82-8.93%
  • mantleMantle(MNT)$0.69-0.09%
  • makerMaker(MKR)$2,413.406.13%
  • arbitrumArbitrum(ARB)$0.69-2.88%
  • okbOKB(OKB)$36.65-0.08%
  • vechainVeChain(VET)$0.0263590.43%
  • Renzo Restaked ETHRenzo Restaked ETH(EZETH)$3,112.03-1.74%
  • optimismOptimism(OP)$1.711.40%
  • injective-protocolInjective(INJ)$19.62-5.35%
  • immutable-xImmutable(IMX)$1.24-1.46%
  • First Digital USDFirst Digital USD(FDUSD)$1.000.05%
WP Twitter Auto Publish Powered By : XYZScripts.com