Get the scoop on finance - sign up for mobile alerts
Futuremash
| On
May 29, 2020

Under Pressure: Tech Giant Twitter Should Face Criminal Investigation by Treasury Secretary Steven Mnuchin, Says Senator Ted Cruz

By Daily Hodl Staff
[the_ad id="93550"]

Political blowback against Twitter has just escalated with a call for a criminal investigation.

On Friday, Senator Ted Cruz issued a letter addressed to the US Justice and Treasury departments seeking a probe of the social network that allows people all around the world to post micro messages.

ADVERTISEMENT

According to Cruz, the platform’s open invitation has allowed it to run afoul of US sanctions laws targeting Iran. Since Twitter permits Iranian officials to maintain accounts and tweet messages, Cruz wants Attorney General Bill Barr and Treasury Secretary Steven Mnuchin to investigate the platform with respect to US sanctions laws prohibiting American firms from providing the the sanctioned country goods and services.

The letter reads,

“I write to urge you to open an investigation into Twitter, Inc. (Twitter) for possible criminal violations of the International Emergency Economic Powers Act (IEEPA) (50 U.S.C. §§ 1701 et seq.) and sanctionable activities prohibited by Executive Order 13876 (E.O. 13876).”

Earlier this year Twitter responded to a letter from Cruz and several Republican senators who requested that the accounts of Iran’s Supreme Leader Ayatollah Ali Khamenei and Iranian Foreign Minister Mohammad Javad Zarif be deleted.

ADVERTISEMENT

Highlighting the company’s mission to serve a global audience and given the lockdowns that began sweeping the globe in April due to the coronavirus outbreak, Twitter resisted the request, adding, “to deny our service to [Iran’s] leaders at a time like this would be antithetical to the purpose of our company.”

On Thursday President Trump signed an executive order to limit legal protections for major social media platforms he says have amassed too much power and have gone too far to censor and flag content. Trump’s actions followed warning labels that Twitter added to the President’s controversial tweets this week about mail-in voting.

On Friday Twitter labeled another Trump tweet as “glorifying violence”. Trump’s tweet remarked on the escalating tensions in Minneapolis where protesters burned down a police station following the death of George Floyd, a black man who was in police custody.

According to Twitter’s warning,

ADVERTISEMENT

This Tweet violated the Twitter Rules about glorifying violence. However, Twitter has determined that it may be in the public’s interest for the Tweet to remain accessible. Learn more.”

[the_ad id="95413"]

Despite the warnings, Twitter CEO Jack Dorsey believes that Twitter needs to take a decentralized approach to content and is reportedly working on turning the platform into a protocol.

Dorsey wrote in December of 2019,

“Twitter was so open early on that many saw its potential to be a decentralized internet standard, like SMTP (email protocol). For a variety of reasons, all reasonable at the time, we took a different path and increasingly centralized Twitter. But a lot’s changed over the years…”

&nbsp
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.