Brazil’s ban on social media platform X has had a profound impact on the Brazilian crypto community. On August 30, Brazilian Supreme Court Justice Alexandre de Moraes banned the platform, stating that it promoted misinformation about former Brazilian President Jair Bolsonaro. The ban cost Elon Musk’s social media company one of its largest markets.

The crypto industry uses X as a critical tool for reaching global audiences and marketing strategies. Brazilian crypto firms and influencers have seen significant loss of viewership and revenue following X’s ban. This has also made it difficult to coordinate events like crypto conferences and DAOs.

How do you think this ban will affect the crypto industry? We welcome your comments.