Bitcoin

The fines and settlements reinforce a pattern of increasing scrutiny on Big Tech's data and safety practices. As trust erodes in centralized platforms, Web3 social and privacy coins may gain traction. This aligns with the crypto market's current greed phase, where regulatory clarity is often priced as bullish for decentralized alternatives.

Facebook was found liable in New Mexico for deceptive actions, while TikTok settled a $100 million lawsuit with Alabama over user safety claims.

Facebook Liable in New Mexico, TikTok Pays Alabama $100M Over User Safety

The $100M TikTok settlement is a stealth tax on crypto social tokens, as state AGs set a precedent for holding platforms liable for user-generated content—including crypto pump-and-dumps.