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The EU’s war on Big Tech just got a second front


The EU’s war on Big Tech just got a second front

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TikTok owner ByteDance on Tuesday challenged its designation under the EU's Digital Markets Act at the EU Court of Justice, marking the first legal test of DMA gatekeeper rules. The outcome could set a precedent for EU regulation and compliance costs that indirectly affect crypto sector adoption and operations, including CEX/DEX platforms, DeFi projects, security and governance obligations.

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ByteDance’s video-sharing app TikTok went before Europe’s highest court on Tuesday, trying to overturn rules that force it to follow stricter regulations meant to limit the influence of major technology companies. The hearing at the EU Court of Justice marks the first time a company has challenged its classification under the bloc’s Digital Markets Act....
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