IBOV 170,508 ▼ 0.44% IPSA 10,675 ▼ 0.88% IPC MEX 66,278 ▼ 0.85% MERVAL 3,110,490 ▼ 4.25% COLCAP 2,270.97 ▼ 3.24% BVL PERÚ 54,833.60 ▼ 1.48% USD/BRL5.21▲ 0.18% USD/MXN17.61▲ 0.01% USD/CLP914.26▼ 0.53% USD/COP3,421▼ 0.24% USD/PEN3.42▼ 0.04% USD/ARS1,476▼ 0.22% USD/UYU40.13▲ 1.17% USD/PYG6,088▲ 1.58% USD/BOB6.86▲ 1.44% USD/DOP59.36▲ 2.45% USD/CRC451.66▲ 2.13% USD/GTQ7.62▲ 2.07% USD/HNL26.69▲ 1.22% USD/NIO36.62▲ 0.54% USD/VES619.98▲ 5.68% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/TTD6.73▲ 0.94% EUR/BRL5.91▼ 0.04% BRENT 73.36 ▼ 0.52% WTI 69.66 ▼ 0.97% IRON ORE 161.91 — — COPPER 6.12 ▲ 3.00% GOLD 4,043 ▲ 1.33% SILVER 58.69 ▲ 1.09% SOY 1,136 ▲ 2.44% WHEAT 591.50 ▲ 0.98% COFFEE 277.35 ▼ 4.87% SUGAR 14.12 ▲ 5.22% ORANGE JUICE 145.05 ▲ 4.28% COTTON 76.98 ▲ 6.78% COCOA 5,147 ▲ 5.00% BEEF 246.65 ▼ 3.33% CATTLE 373.23 ▲ 1.38% LITHIUM 78.91 ▲ 0.61% PETR4 38.29 ▼ 2.64% VALE3 77.73 ▼ 2.08% ITUB4 40.97 ▼ 0.19% BBDC4 17.65 ▼ 1.07% ABEV3 16.38 ▲ 0.06% BBAS3 19.73 ▼ 0.65% B3SA3 15.03 ▲ 2.11% WEGE3 46.61 ▲ 1.97% PRIO3 54.10 ▼ 3.57% RENT3 41.76 ▼ 0.05% CSAN3 3.70 ▼ 1.33% RAIZ4 0.42 — 0.00% PCAR3 2.11 ▲ 1.44% GMAT3 3.82 ▼ 0.52% PSSA3 52.38 ▲ 0.36% CVCB3 1.42 ▲ 7.58% POSI3 3.95 ▲ 0.25% SLCE3 13.42 ▲ 0.37% NATU3 7.81 ▲ 1.17% BRKM5 7.62 ▲ 0.26% RANI3 7.79 ▲ 2.10% CSNA3 5.06 ▼ 3.98% CMIN3 4.27 ▼ 0.23% USIM5 8.68 ▲ 0.23% GGBR4 21.38 ▼ 1.47% ENEV3 25.94 ▲ 2.94% NEOE3 33.80 — 0.00% CPFE3 44.38 ▲ 0.02% CMIG4 10.72 ▼ 0.46% EQTL3 38.00 ▼ 0.52% LREN3 14.50 ▲ 1.32% VIVT3 34.25 ▼ 0.09% KLABIN 16.85 ▲ 0.24% RAIA DROGASIL 17.08 ▲ 0.47% RDOR3 34.10 ▼ 0.70% HAPV3 10.17 ▼ 1.07% SMTO3 14.72 ▼ 0.34% UGPA3 25.32 ▼ 0.67% VBBR3 29.11 ▼ 0.95% BBSE3 38.68 ▲ 1.07% BPAC11 53.66 ▲ 1.63% CURY3 34.96 ▲ 1.84% AERI3 2.07 ▲ 0.49% VIVARA 22.81 ▲ 0.71% COMPASS 24.90 ▼ 0.80% VAMOS 2.77 ▼ 1.42% SANB11 26.38 ▼ 1.38% ASAI3 8.27 ▲ 4.16% WALMEX 51.48 ▲ 1.30% GMEXICO 196.64 ▼ 4.50% FEMSA 216.27 ▼ 3.00% GFNORTE 182.16 ▼ 1.41% BIMBO 55.21 ▼ 1.22% TELEVISA 9.69 ▲ 2.22% AMX 23.00 ▲ 1.28% GAP 432.95 ▲ 0.98% ASUR 302.31 ▲ 2.13% OMA 236.88 ▲ 0.31% KOF 184.34 ▼ 1.66% GRUMA 280.84 ▲ 0.37% KIMBER 37.23 ▲ 0.27% SQM-B 69,500 ▼ 0.93% COPEC 5,830 ▼ 2.30% BSANTANDER 72.01 ▼ 1.36% FALABELLA 5,560 ▼ 2.22% ENELAM 81.76 ▼ 1.26% CENCOSUD 2,111 ▼ 2.22% CMPC 1,036 ▼ 0.71% BANCO CHILE 175.02 ▼ 1.73% LATAM AIR 26.11 ▲ 3.00% YPF 70,800 ▼ 5.22% GGAL 7,625 ▼ 4.21% PAMPA 4,970 ▼ 2.93% TXAR 665.50 ▼ 2.28% ALUAR 1,027 ▼ 0.58% TGS 9,130 ▼ 3.49% CEPU 2,206 ▼ 5.93% MIRGOR 16,075 ▼ 2.13% COME 42.02 ▼ 5.02% LOMA NEGRA 3,573 ▼ 5.74% BYMA 309.00 ▼ 2.98% TELECOM ARG 3,953 ▼ 1.80% ECOPETROL 14.59 ▼ 5.93% BANCOLOMBIA 79.28 ▼ 2.09% GRUPO AVAL 5.18 ▼ 2.63% CREDICORP 376.49 ▲ 2.09% SOUTHERN COPPER 171.84 ▼ 3.77% BUENAVENTURA 29.75 ▼ 4.03% MERCADOLIBRE 1,660 ▲ 4.79% NUBANK 12.46 ▼ 1.03% XP 15.56 ▼ 1.02% PAGSEGURO 8.77 ▲ 0.11% STONE 10.82 ▲ 0.93% GLOBANT 29.12 ▼ 0.55% TECNOGLASS 45.31 ▼ 0.15% GAP AIRPORT 245.58 ▲ 0.61% ASUR 302.31 ▲ 2.13% OMA AIRPORT 107.65 ▼ 0.01% AMX ADR 25.99 ▲ 0.54% FEMSA ADR 123.08 ▼ 3.17% CEMEX ADR 12.02 ▼ 1.15% PETROBRAS ADR 16.45 ▼ 3.41% VALE ADR 14.84 ▼ 3.07% ITAU ADR 7.88 — 0.00% SANTANDER BR 5.14 ▼ 2.28% AMBEV ADR 3.13 ▼ 0.95% CSN 0.98 ▼ 5.67% GERDAU 4.09 ▼ 1.92% LATAM ADR 57.05 ▲ 2.35% BTC 61,207 ▲ 0.35% ETH 1,636 ▲ 0.98% SOL 68.26 ▲ 0.41% XRP 1.07 ▲ 0.14% BNB 564.10 ▲ 0.06% DOGE 0.08 — 0.00% AVAX 6.37 ▼ 1.16% LINK 7.45 ▲ 0.46% DOT 0.88 ▼ 0.84% LTC 41.44 ▲ 1.02% BCH 194.69 ▲ 2.44% TRX 0.33 ▼ 0.10% XLM 0.18 ▼ 1.26% HBAR 0.07 ▼ 2.01% NEAR 1.93 ▼ 1.52% ATOM 1.62 ▼ 1.92% AAVE 83.95 ▲ 5.44% SELIC 14.25% SUZB3 42.20 ▲ 0.60% AZZA3 19.31 ▼ 3.93% EMBRAER 79.98 ▲ 1.86% EMBRAER ADR 61.67 ▲ 0.97% JBS 12.19 ▼ 0.33% JBS BDR 63.49 ▲ 1.10% MBRF3 16.14 ▼ 3.93% MBRFY 3.05 ▼ 2.97% RAIL3 12.98 ▲ 0.62% FLRY3 15.16 ▲ 0.60% INTER 5.29 ▼ 0.84% SBSP3 28.47 ▲ 1.10% CEMEX 21.12 ▼ 1.03% ADA 0.15 ▲ 0.33% EGX 51,443 ▼ 0.52% USD/ZAR16.49▼ 0.46% USD/NGN1,379▲ 0.33% NIKKEI 72,366 ▲ 4.61% CSI300 5,020 ▲ 1.56% HSI 23,077 ▼ 1.43% NIFTY 24,056 ▲ 0.14% KOSPI 8,930 ▲ 5.42% JCI 5,999 ▲ 1.96% USD/JPY161.84▲ 0.03% USD/CNY6.79▼ 0.36% DAX 24,965 ▲ 0.91% CAC 8,439 ▲ 0.64% FTSE 10,547 ▲ 0.82% MIB 51,794 ▼ 0.44% IBEX 19,468 ▲ 0.40% STOXX 640.60 ▲ 0.86% EUR/USD1.14▼ 0.05% GBP/USD1.32▼ 0.20% SPX 7,358 ▼ 0.10% DJI 51,849 ▲ 0.35% NDX 29,220 ▼ 0.43% RUT 2,987 ▲ 0.37% TSX 34,736 ▼ 0.55% VIX 17.87 ▼ 8.31% USD/CAD1.42▲ 0.01% US10Y 4.3670 ▼ 0.80% IBOV 170,508 ▼ 0.44% IPSA 10,675 ▼ 0.88% IPC MEX 66,278 ▼ 0.85% MERVAL 3,110,490 ▼ 4.25% COLCAP 2,270.97 ▼ 3.24% BVL PERÚ 54,833.60 ▼ 1.48% USD/BRL 5.19 ▼ 0.01% USD/MXN 17.61 ▼ 0.02% USD/CLP 913.87 ▼ 0.57% USD/COP 3,420 ▼ 0.27% USD/PEN 3.42 ▼ 0.08% USD/ARS 1,476 ▼ 0.22% USD/UYU 40.13 ▲ 1.17% USD/PYG 6,088 ▲ 1.58% USD/BOB 6.86 ▲ 1.44% USD/DOP 59.36 ▲ 2.45% USD/CRC 451.66 ▲ 2.13% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.69 ▲ 1.22% USD/NIO 36.62 ▲ 0.54% USD/VES 619.98 ▲ 5.68% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/TTD 6.73 ▲ 0.94% EUR/BRL 5.91 ▼ 0.04% BRENT 73.36 ▼ 0.52% WTI 69.66 ▼ 0.97% IRON ORE 161.91 — — COPPER 6.12 ▲ 3.00% GOLD 4,043 ▲ 1.33% SILVER 58.69 ▲ 1.09% SOY 1,136 ▲ 2.44% WHEAT 591.50 ▲ 0.98% COFFEE 277.35 ▼ 4.87% SUGAR 14.12 ▲ 5.22% ORANGE JUICE 145.05 ▲ 4.28% COTTON 76.98 ▲ 6.78% COCOA 5,147 ▲ 5.00% BEEF 246.65 ▼ 3.33% CATTLE 373.23 ▲ 1.38% LITHIUM 78.91 ▲ 0.61% PETR4 38.29 ▼ 2.64% VALE3 77.73 ▼ 2.08% ITUB4 40.97 ▼ 0.19% BBDC4 17.65 ▼ 1.07% ABEV3 16.38 ▲ 0.06% BBAS3 19.73 ▼ 0.65% B3SA3 15.03 ▲ 2.11% WEGE3 46.61 ▲ 1.97% PRIO3 54.10 ▼ 3.57% RENT3 41.76 ▼ 0.05% CSAN3 3.70 ▼ 1.33% RAIZ4 0.42 — 0.00% PCAR3 2.11 ▲ 1.44% GMAT3 3.82 ▼ 0.52% PSSA3 52.38 ▲ 0.36% CVCB3 1.42 ▲ 7.58% POSI3 3.95 ▲ 0.25% SLCE3 13.42 ▲ 0.37% NATU3 7.81 ▲ 1.17% BRKM5 7.62 ▲ 0.26% RANI3 7.79 ▲ 2.10% CSNA3 5.06 ▼ 3.98% CMIN3 4.27 ▼ 0.23% USIM5 8.68 ▲ 0.23% GGBR4 21.38 ▼ 1.47% ENEV3 25.94 ▲ 2.94% NEOE3 33.80 — 0.00% CPFE3 44.38 ▲ 0.02% CMIG4 10.72 ▼ 0.46% EQTL3 38.00 ▼ 0.52% LREN3 14.50 ▲ 1.32% VIVT3 34.25 ▼ 0.09% KLABIN 16.85 ▲ 0.24% RAIA DROGASIL 17.08 ▲ 0.47% RDOR3 34.10 ▼ 0.70% HAPV3 10.17 ▼ 1.07% SMTO3 14.72 ▼ 0.34% UGPA3 25.32 ▼ 0.67% VBBR3 29.11 ▼ 0.95% BBSE3 38.68 ▲ 1.07% BPAC11 53.66 ▲ 1.63% CURY3 34.96 ▲ 1.84% AERI3 2.07 ▲ 0.49% VIVARA 22.81 ▲ 0.71% COMPASS 24.90 ▼ 0.80% VAMOS 2.77 ▼ 1.42% SANB11 26.38 ▼ 1.38% ASAI3 8.27 ▲ 4.16% WALMEX 51.48 ▲ 1.30% GMEXICO 196.64 ▼ 4.50% FEMSA 216.27 ▼ 3.00% GFNORTE 182.16 ▼ 1.41% BIMBO 55.21 ▼ 1.22% TELEVISA 9.69 ▲ 2.22% AMX 23.00 ▲ 1.28% GAP 432.95 ▲ 0.98% ASUR 302.31 ▲ 2.13% OMA 236.88 ▲ 0.31% KOF 184.34 ▼ 1.66% GRUMA 280.84 ▲ 0.37% KIMBER 37.23 ▲ 0.27% SQM-B 69,500 ▼ 0.93% COPEC 5,830 ▼ 2.30% BSANTANDER 72.01 ▼ 1.36% FALABELLA 5,560 ▼ 2.22% ENELAM 81.76 ▼ 1.26% CENCOSUD 2,111 ▼ 2.22% CMPC 1,036 ▼ 0.71% BANCO CHILE 175.02 ▼ 1.73% LATAM AIR 26.11 ▲ 3.00% YPF 70,800 ▼ 5.22% GGAL 7,625 ▼ 4.21% PAMPA 4,970 ▼ 2.93% TXAR 665.50 ▼ 2.28% ALUAR 1,027 ▼ 0.58% TGS 9,130 ▼ 3.49% CEPU 2,206 ▼ 5.93% MIRGOR 16,075 ▼ 2.13% COME 42.02 ▼ 5.02% LOMA NEGRA 3,573 ▼ 5.74% BYMA 309.00 ▼ 2.98% TELECOM ARG 3,953 ▼ 1.80% ECOPETROL 14.59 ▼ 5.93% BANCOLOMBIA 79.28 ▼ 2.09% GRUPO AVAL 5.18 ▼ 2.63% CREDICORP 376.49 ▲ 2.09% SOUTHERN COPPER 171.84 ▼ 3.77% BUENAVENTURA 29.75 ▼ 4.03% MERCADOLIBRE 1,660 ▲ 4.79% NUBANK 12.46 ▼ 1.03% XP 15.56 ▼ 1.02% PAGSEGURO 8.77 ▲ 0.11% STONE 10.82 ▲ 0.93% GLOBANT 29.12 ▼ 0.55% TECNOGLASS 45.31 ▼ 0.15% GAP AIRPORT 245.58 ▲ 0.61% ASUR 302.31 ▲ 2.13% OMA AIRPORT 107.65 ▼ 0.01% AMX ADR 25.99 ▲ 0.54% FEMSA ADR 123.08 ▼ 3.17% CEMEX ADR 12.02 ▼ 1.15% PETROBRAS ADR 16.45 ▼ 3.41% VALE ADR 14.84 ▼ 3.07% ITAU ADR 7.88 — 0.00% SANTANDER BR 5.14 ▼ 2.28% AMBEV ADR 3.13 ▼ 0.95% CSN 0.98 ▼ 5.67% GERDAU 4.09 ▼ 1.92% LATAM ADR 57.05 ▲ 2.35% BTC 61,207 ▲ 0.35% ETH 1,636 ▲ 0.98% SOL 68.26 ▲ 0.41% XRP 1.07 ▲ 0.14% BNB 564.10 ▲ 0.06% DOGE 0.08 — 0.00% AVAX 6.37 ▼ 1.16% LINK 7.45 ▲ 0.46% DOT 0.88 ▼ 0.84% LTC 41.44 ▲ 1.02% BCH 194.69 ▲ 2.44% TRX 0.33 ▼ 0.10% XLM 0.18 ▼ 1.26% HBAR 0.07 ▼ 2.01% NEAR 1.93 ▼ 1.52% ATOM 1.62 ▼ 1.92% AAVE 83.95 ▲ 5.44% SELIC 14.25% SUZB3 42.20 ▲ 0.60% AZZA3 19.31 ▼ 3.93% EMBRAER 79.98 ▲ 1.86% EMBRAER ADR 61.67 ▲ 0.97% JBS 12.19 ▼ 0.33% JBS BDR 63.49 ▲ 1.10% MBRF3 16.14 ▼ 3.93% MBRFY 3.05 ▼ 2.97% RAIL3 12.98 ▲ 0.62% FLRY3 15.16 ▲ 0.60% INTER 5.29 ▼ 0.84% SBSP3 28.47 ▲ 1.10% CEMEX 21.12 ▼ 1.03% ADA 0.15 ▲ 0.33% EGX 51,443 ▼ 0.52% USD/ZAR 16.47 ▼ 0.43% USD/NGN 1,379 ▲ 0.59% NIKKEI 72,366 ▲ 4.61% CSI300 5,020 ▲ 1.56% HSI 23,077 ▼ 1.43% NIFTY 24,056 ▲ 0.14% KOSPI 8,930 ▲ 5.42% JCI 5,999 ▲ 1.96% USD/JPY 161.83 ▲ 0.05% USD/CNY 6.7849 ▼ 0.37% DAX 24,965 ▲ 0.91% CAC 8,439 ▲ 0.64% FTSE 10,547 ▲ 0.82% MIB 51,794 ▼ 0.44% IBEX 19,468 ▲ 0.40% STOXX 640.60 ▲ 0.86% EUR/USD 1.1356 ▼ 0.04% GBP/USD 1.3177 ▲ 0.10% SPX 7,358 ▼ 0.10% DJI 51,849 ▲ 0.35% NDX 29,220 ▼ 0.43% RUT 2,987 ▲ 0.37% TSX 34,736 ▼ 0.55% VIX 17.87 ▼ 8.31% USD/CAD 1.4235 ▲ 0.03% US10Y 4.3670 ▼ 0.80%
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Thursday, June 25, 2026

Why the U.S. Is Building a VPN to Undermine EU Speech Laws

By · February 19, 2026 · 3 min read

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KEY POINTS

  • The U.S. State Department is building a portal at “freedom.gov” that would let users in Europe and elsewhere access content blocked by their governments — including material classified as hate speech or terrorist propaganda under EU law, Reuters reported Wednesday citing three sources
  • Officials discussed embedding a VPN function that would make traffic appear to originate in the U.S., with no user tracking — the project is led by Undersecretary for Public Diplomacy Sarah Rogers and involves Edward Coristine, a former DOGE member now working at the National Design Studio
  • A former State Department official called it “a direct shot” at European rules — the portal was expected to launch at the Munich Security Conference but was delayed after State Department lawyers raised concerns, though a spokesperson denied both the delay and the legal objections

The U.S. State Department is developing an online portal designed to let people in Europe and other regions view content their own governments have banned. The site, hosted at “freedom.gov,” could include a built-in VPN that routes traffic through the United States, effectively allowing users to bypass national content restrictions. Reuters broke the story Wednesday, citing three sources familiar with the project.

Why the U.S. Is Building a VPN to Undermine EU Speech Laws. (Photo Internet reproduction)
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The domain was registered on January 12 and as of Wednesday showed only the National Design Studio’s logo, the words “fly, eagle, fly,” and a login form. The project is led by Undersecretary for Public Diplomacy Sarah Rogers. Edward Coristine, a former member of Elon Musk‘s Department of Government Efficiency, is also involved through the National Design Studio, created by Trump to overhaul government website aesthetics.

Two continents, two constitutions

The initiative reflects a widening transatlantic rift over speech. The U.S. Constitution protects virtually all expression. Europe’s approach, shaped by the legacy of extremist propaganda that fueled Nazism, draws firm lines around hate speech, terrorist content, and disinformation.

The EU’s Digital Services Act, in force since 2022, requires large platforms to act quickly against potentially illegal content through a notice-and-takedown system — even without a court order. Since July 2025, the European Code of Practice on Disinformation has added obligations including demonetization and audits. X paid a €120 million fine under these rules.

Trump administration officials have criticized these policies as suppressing conservative voices, singling out content moderation decisions in Romania, Germany, and France. The State Department told Reuters it does not have a censorship-circumvention program specific to Europe but called digital freedom “a priority.”

The problem with freedom.gov

Kenneth Propp, a former State Department official who handled European digital regulations and now works at the Atlantic Council, called the plan “a direct shot” at European rules. He said the portal would be seen as Washington actively helping citizens circumvent their own countries’ laws.

The portal was expected to debut at the Munich Security Conference last week but was delayed. Two sources said State Department lawyers raised concerns, though a spokesperson denied this. It remains unclear what advantage a government-backed VPN would offer over commercial alternatives. Before Trump’s second term, the U.S. funded similar circumvention tools — but those targeted authoritarian regimes in China, Iran, and Cuba. Turning that infrastructure against democratic allies is what makes freedom.gov unprecedented.

Related coverage: Brazil’s Morning Call | USA & Canada Intelligence Brief for Thursday, February 19, 2 This is part of The Rio Times’ daily coverage of global affairs and Latin American financial news.

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