The European Union revealed on July 12 that Elon Musk's X.com has been preliminarily determined to have violated the Digital Services Act (DSA). The EU's initial findings state that X breached the DSA on three counts and could face fines of up to 6% of its global annual turnover. The investigation, initiated in December 2023, highlighted concerns such as X's moderation practices, use of artificial intelligence, and lack of transparency. Musk and X have been notified of the violation, but they have the right to defend themselves. The issue revolves around X's verification system and its handling of advertising and data for researchers. If found guilty, X could be fined over $200 million and be subjected to supervision to comply with the law. Musk's response on X's verification system has sparked speculation. The situation underscores the importance of compliance with regulations in the crypto world. Read more AI-generated news on: https://app.chaingpt.org/news