Ethereum vs Solana: A Detailed Analysis
The European Union (EU) has issued a warning to Elon Musk's companies, including the social media platform X, regarding potential violations under the Digital Services Act (DSA).
The EU is considering significant financial penalties, which could impact not only X but also Musk's other businesses, such as SpaceX and Neuralink.
Reports suggest the EU may impose fines of up to 6% of global annual revenue for violations related to content moderation and transparency.
This could increase the financial risks for Musk’s companies operating under the DSA framework.
Musk's X platform recently avoided regulations under the Digital Markets Act (DMA) due to its minimal market impact.
However, it remains under scrutiny for ongoing concerns over content moderation and its handling of harmful content and misinformation.
Although X exceeded the DMA’s threshold, it is still subject to the DSA's regulatory oversight.
In a separate development, Tesla, another company led by Musk, has moved its Bitcoin holdings to new wallets through multiple transactions—the first financial activity of this nature in two years.
This move comes amid Musk's continued support for Donald Trump's presidential campaign, with reports indicating Musk donated $75 million to Trump’s efforts.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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