In a significant move for digital rights, the Australian Senate struck down a contentious social media regulation proposal that sparked intense debate across tech and political spheres. The defeated legislation, which aimed to police online content, faced criticism for granting sweeping powers to regulators.

At the heart of the controversy was a provision that would have authorized ACMA to impose substantial financial penalties - reaching up to 5% of global revenue - on digital platforms failing to meet content moderation directives.

(Reuters)