EU regulators are reportedly preparing to impose fines on Elon Musk’s X platform for potentially exceeding 1 billion USD due to violations of the Digital Services Act, marking the first enforcement of this new legislation.
Alongside fines, changes in product features related to content moderation practices are being demanded. The investigation into X commenced in 2023 and continues independently of U.S.-EU tariff negotiations.
The cryptocurrency market reacted negatively, particularly Bitcoin ([BTC](https://branch.wallet.Bitcoin.com/news-contextual-BTC)), which faced a significant decline following U.S. Tariff announcements, prompting concerns over digital asset valuations.
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