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Elon Musk’s platform X faces over $1 billion fine from EU regulators: NYT

  • The European Union plans to impose fines exceeding $1 billion on Elon Musk's X for alleged violations of the Digital Services Act, as reported by The New York Times.
  • The investigation into X began in 2023, and E.U. Officials accused the platform of various legal violations.
  • The fine would be the first under the Digital Services Act and may involve penalties based on the revenue from X and other companies controlled by Musk.
  • X has responded, calling the potential fine 'an unprecedented act of political censorship' and claiming compliance with the Digital Services Act's requirements.
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Blockchain & Cryptocurrencies Tabloid broke the news in on Wednesday, April 2, 2025.
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