EU regulators just hit a major social media platform with a €120 million penalty over content moderation policies. The fine centers around accusations that the platform's approach to speech regulation doesn't align with European digital governance standards.

This enforcement action highlights the ongoing tension between decentralized communication ideals and regulatory frameworks. While officials frame it as protecting users, critics argue it's another step toward centralized control over digital discourse.

For those watching the Web3 space, this is a reminder: traditional platforms remain vulnerable to government intervention. Decentralized alternatives keep looking more attractive when fines like these make headlines.