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This already exists in legal code. Companies and persons of influence can face civil and even criminal troubles if they deliberately state false or misleading information. For example, Shaq and the like facing legal troubles for the involvement in those cryptocoin scandals.
Fully agree!
I can give you many. Example:
Fact.
The Sun emits light and matter every moment of every day.
Fact:
The substance commonly known as "Water" is comprised of molecules which contain the elements Hydrogen and Oxygen.
Fact:
An atom of Hydrogen contains only one Electron and can not be made to carry two Electrons.
See how easy that is?
Indeed, it does apply to business falsely advertising products and services on a Federal level (FTC).
The FCC however doesn't do anything in regards to news organizations. That is just bonkers.
Again I'll refrain from expanding on that for obvious reasons.