One senator reportedly asked if social media should be restricted at a discussion with the Federal Reserve, the FDIC, the Treasury Department, senators, and representatives to consider the rescue of Silicon Valley Bank.
Senator Mark Kelly, a Democrat from Arizona, allegedly raised the possibility of limiting access to social media during a conversation about the rescue of Silicon Valley Bank to prevent the dissemination of false information that may lead to a bank run.
Fox News contributor and Twitter files reporter Michael Shellenberger claim Kelly asked about censorship measures with the Federal Reserve, Treasury Department, and FDIC on Sunday.
There was some confusion regarding Kelly’s identity, but Republican House participants confirmed with Shellenberger’s publication, Public on Substack, that a Democratic senator had inquired about regulating social media corporations.
The Fed, Treasury, FDIC, House, and Senate were all represented at the Zoom meeting that Massie tweeted about on Sunday. A Democratic senator has reportedly asked whether or not there are plans to censor social media posts that may trigger a bank run.
Once “His name” was posted by Shellenberger on Monday, Massie retweeted it.
Congressman Dan Bishop, a Republican from North Carolina, has told the press that Kelly first brought up the censorship problem.
Like Massie, Bishop reposted a post in which Shellenberger condemned Kelly.
The senator had asked about the likelihood of foreign opponents spreading misinformation to take advantage of the situation, according to Kelly’s aides, who denied the charge on Monday night.
On Sunday, people were discussing the contingency plan they’d need to implement in the wake of Silicon Valley Bank’s demise.
Officials in Berlin have consistently said there had no plans to use taxpayer money to rescue SVB or compensate affected bank clients.
It was the worst U.S. bank failure since the 2008 financial crisis, and authorities shut it down after a flood of investors withdrew funds.