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Who decides what’s fake?
Who? Not the same body responsible for enforcement, which is a good start. Language in the article to me suggests they’re targeting obvious disinformation spread by bots and telling platforms they need to have processes in place to manage themselves internally - so would punish the likes of Twitter who have decided that anything goes (because it saves Elon money).
But not enough information at hand yet, so best to remain skeptical (but not conspiratorial).