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Digital Services Act Sparks Debate Among Cypriot MEPs: Balancing Safety And Freedom Online

Cypriot MEPs have highlighted the importance of the Digital Services Act (DSA) in creating a safer digital environment across the European Union. However, during a debate at the European Parliament’s plenary session in Strasbourg, they also raised concerns about potential risks to freedom of expression and unintended uses of the legislation.

DISY and EPP MEP Loucas Fourlas praised the Act as a vital step towards robust digital governance, protecting citizens from illegal content, misinformation, and online threats. However, he pointed out that differing views among EU Member States and MEPs illustrate the bloc’s fragmented external policy, which could hinder cohesive action.

Similarly, Michalis Hadjipantela, also from DISY and the EPP, welcomed the Act’s balanced approach, which aims to safeguard users from harmful content while ensuring that smaller businesses are not overburdened. He emphasized its role in fostering a transparent and secure digital ecosystem that supports competition, particularly for SMEs and startups.

From a different perspective, AKEL and Left MEP Giorgos Georgiou criticized the European Commission’s lack of action against the exploitative practices of Big Tech companies. He argued that without addressing the business models of these platforms, which thrive on extreme content, the Act cannot fully tackle hate speech and misinformation. Georgiou called for greater digital sovereignty in Europe, suggesting the development of alternative public platforms like Bluesky or Mastodon to counter Big Tech’s dominance.

DIKO and Progressive Alliance of Socialists and Democrats MEP Costas Mavrides underscored the nuanced nature of freedom of expression, noting that it must operate within the boundaries of EU legal frameworks. He dismissed criticism of restrictions on misinformation as hypocritical, especially from those who advocate for barriers against propaganda from authoritarian regimes.

Conversely, ELAM and European Conservatives and Reformists group MEP Geadis Geadi expressed concerns that the Act risks becoming a tool for censorship, threatening the very freedoms it seeks to protect. He argued for a reassessment of its implementation to ensure users’ rights remain intact.

Independent MEP Fidias Panayiotou echoed these concerns, citing recent accusations by Meta’s Mark Zuckerberg and Elon Musk, owner of platform X, that the EU is institutionalizing censorship. Panayiotou warned against unfairly censoring posts under the guise of misinformation and proposed inviting the tech leaders to the European Parliament for discussions on content moderation practices.

The debate was notable for its high level of engagement, with around 150 MEPs participating—nearly three times the usual attendance. A pilot system was also trialed, where speakers were announced during the session rather than in advance, resulting in lively exchanges and increased interaction through blue cards and petitions.

As the Digital Services Act moves forward, the challenge will lie in striking the right balance between ensuring online safety and safeguarding fundamental freedoms, a debate that will undoubtedly shape the digital future of Europe.

Bitcoin Surges 23% In A Week As Investor Optimism Returns

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.

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