According to official updates from the US House of Representatives, the passage of the Take It Down Act directly addresses deepfake sexual exploitation and strengthens accountability for digital content creators (source: @RepMariaSalazar on Twitter). Crypto traders should note that this legislative move signals tighter oversight on blockchain-based content platforms and NFT marketplaces, potentially heightening compliance requirements for projects dealing with digital media. The act may also influence investor sentiment and platform risk assessments for tokens associated with decentralized media or content sharing as regulatory scrutiny increases (source: Congressional Record, June 2024).

According to The White House, President Donald J. Trump announced the Senate's passage of the Take It Down Act, aimed at combating illicit deepfake images. The legislation, which has moved to the House for approval, seeks to address the growing concern over deepfake technology's misuse. Trump expressed his anticipation to sign the bill into law, highlighting the case of Elliston Berry, a victim of deepfake imagery, as a catalyst for the act.

According to @WhiteHouse, Elliston Berry, a 15-year-old survivor of AI deepfakes, joined President Trump during a Joint Session to advocate for the protection of children from AI-generated threats. The session highlighted the Take It Down Act, with significant support from Melania Trump, aiming to reduce the impact of deepfake technologies, thereby potentially influencing related tech stocks and cybersecurity investments.