Social media platform X announced it will lock accounts posting cryptocurrency content for the first time and require identity verification checks. Product lead Nikita Bier stated this measure specifically targets crypto scams that have proliferated on the platform. The new policy represents a significant shift in how major social media platforms handle cryptocurrency-related content, potentially affecting how crypto projects and influencers communicate with their audiences. The restrictions come as regulatory pressure increases on platforms to combat financial fraud and misinformation in the digital asset space.