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Binance Square, the social network platform rolled out by crypto exchange Binance in October 2022, is launching a livestream product.

The feature, Binance said, will provide experienced traders and content creators another means of engaging their audience. Livestreams should foster learning, increase engagement on the platform, and enhance users’ market insights.

Livestreaming is already a feature on large social media platforms such as X.

Notably, the Solana-based token production protocol pump.fun shut down its own livestreaming feature in November after some of its users performed pornographic or dangerous acts. It quietly revived the product in April with additional guardrails.

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Texas could become the next US state to lay down the law with social media platforms. A Texas bill that would ban social media use for anyone under 18 recently moved past the Senate committee and is due for a vote in front of the Texas State Senate. The bill has until the state’s legislative session comes to an end on June 2, leaving roughly a week for it to be approved by both the Senate and the governor.

Earlier this year, the bill passed the House committee stage and was later voted in favor of by the state’s House of Representatives. If made into law, the bill would force social media platforms to verify the age of anyone setting up an account, much like how Texas passed legislation requiring websites hosting porn to implement an age verification system. On top of that, Texas’ social media ban proposes to let parents delete their child’s social media account, allowing the platforms 10 days to comply with the request or face a fine from the state’s attorney general.

Texas isn’t the only governing body interested in restricting social media access. Last year, Florida’s governor, Ron DeSantis, signed into law a bill that outright bans anyone under 14 from using social media and requires 14- and 15-year-olds to get parental consent to make an account or use an existing account. Notably, Texas’ proposed law is much stricter than that.

On a larger scale, the US Senate introduced a bill to ban social media platforms for anyone under 13 in April 2024. After being stuck in the committee stage, Senators Brian Schatz (D-Hawaii) and Ted Cruz (R-Texas) recently made comments that signal a potential second attempt at getting this passed.

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