Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    US FCC chair says EU Digital Services Act is threat to free speech

    US FCC chair says EU Digital Services Act is threat to free speech

    Published by Global Banking and Finance Review

    Posted on March 3, 2025

    Featured image for article about Headlines

    By Supantha Mukherjee

    STOCKHOLM (Reuters) -The chairman of the U.S. Federal Communications Commission (FCC) on Monday called out European Union's content moderation law as incompatible with America's free speech tradition and warned of a risk that it will excessively restrict freedom of expression.

    "There is some concern that I have with respect to the approach that Europe is taking with the DSA (EU Digital Services Act) in particular," Brendan Carr, a Republican appointed to the FCC helm by President Donald Trump in January, said at the Mobile World Congress in Barcelona, Spain.

    For U.S. tech companies in Europe, Carr said, DSA's approach was "something that is incompatible with both our free speech tradition in America and the commitments that these technology companies have made to a diversity of opinions."

    Carr is the second high-ranking U.S. official in recent months to challenge European regulations. In February, Vice President JD Vance denounced content moderation at an AI summit in Paris, calling it "authoritarian censorship."

    Trump has made free speech a central theme of his presidency, signing an executive order on his first day in office to "restore freedom of speech and end censorship".

    Carr echoed this stance, saying, "From President Trump to me, across the government, we are encouraging our technology companies to stop the censorship we saw the last couple of years."

    The DSA, which became effective a year ago, is meant to make the online environment safer and fairer by compelling tech giants to do more to tackle illegal content including hate speech and child sexual abuse material.

    A European Commission spokesperson pushed back against Carr's comments, saying the censorship allegations against the DSA are completely unfounded.

    "The aim of our digital legislation, for example the DSA, is the protection of fundamental rights," spokesperson Thomas Regnier said. "We all agree on the need to ensure that the internet is a safe place, as VP Vance put it at the AI Action Summit in Paris."

    While Trump has signed a memorandum warning that his administration would scrutinise the DSA, Carr last week sent a mail to U.S. tech companies requesting briefings on how they planned to reconcile the DSA with America's free speech tradition.

    The companies, including Apple, Meta, Alphabet and others, have until Monday to respond.

    One possible solution is geofencing — restricting content by region — to create separate geographical platforms for EU compliance and the U.S. administration's free speech requirements.

    But Carr said it was unclear whether this approach was technically or economically feasible.

    "If there is an urge in Europe to engage in protectionist regulations, to give disparate treatment to U.S. technology companies, the Trump administration has been clear that we are going to speak up and defend the interests of U.S. businesses," he said.

    (Reporting by Supantha Mukherjee in Stockholm; Editing by Bernadette Baum and Aidan Lewis)

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe