A cross-party coalition of U.S. senators, including Lindsey Graham, unveiled sweeping legislation this week targeting Section 230—the longstanding legal framework that has shielded social media platforms and online services from liability for user-generated content. The proposed changes would essentially place an expiration mechanism on this protective clause, fundamentally reshaping how platforms handle moderation and user accountability. This legislative push signals growing pressure from both sides of the aisle to rebalance the relationship between platform immunity and corporate responsibility. For the broader digital economy, particularly as Web3 and decentralized platforms evolve, such regulatory shifts could reshape the competitive landscape and compliance requirements across the industry.