On August 30, after a Supreme Court justice ordered the suspension of the X platform (formerly known as Twitter) in Brazil, members of the crypto community expressed their frustration on social media.
Reaction to X Suspension
Among the first reactions was Scott Melker, known as 'The Wolf of All Streets,' who said, 'Brazil is absolutely nuts for banning X. But the US is equally nuts for attempting to ban TikTok.' Another user by the name of 'MrMoontastic.eth' highlighted that 'Brazil will not follow the bullrun news. Very sad.'
Expert Opinions
Crypto analyst James Check of Glassnode emphasized the importance of decentralized currencies such as Bitcoin in light of recent events. 'I wonder if a decentralized, uncensorable, scarce, digital, global monetary asset might be useful for the world right about now,' he stated. Tech lawyer Preston Byrne believes that if Brazil “succeeds” in its battle against X, other countries may follow its lead.
Context and Reasons
The ban came after Elon Musk refused to name a legal representative for the platform in Brazil. On August 30, Cointelegraph reported that Justice Alexandre de Moraes followed through with his intention to shut down X's Brazilian operations if Musk failed to appoint a legal representative by August 29. X's Global Government Affairs team stated that the platform 'would not comply with [Moraes'] illegal orders to censor his political opponents.' Moraes had been investigating X for allowing and promoting misinformation related to former Brazilian President Jair Bolsonaro.
These events unfold as the company decided to end its operations in Brazil while keeping the service operational for its Brazilian users.
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