Right-wing conspiracy theorist Alex Jones is facing the potential loss of his Infowars media platform, which he developed into a multimillion-dollar business over the past 25 years. This follows a bankruptcy judge’s pending decision on whether to liquidate his assets to satisfy the $1.5 billion he owes for spreading false claims that the Sandy Hook Elementary School shooting was a hoax.

A critical hearing is set for Friday morning in the U.S. Bankruptcy Court in Houston.

Jones has been informing his web viewers and radio listeners that Infowars’ parent company, Free Speech Systems, is nearing shutdown due to the bankruptcy. He has been urging them to download videos from his online archive for preservation and directing them to a new website operated by his father’s company for purchasing the dietary supplements he promotes on his show.

There is not enough money to adequately compensate all the victims of Sandy Hook for the suffering that has impacted them for life. Jones should have been banned from the media as soon as he started spreading these conspiracy theories. He should be banned from radio, and the FCC must take action to ensure he can never be on any radio station. He should be banned from any social media platforms.

There should be strict guidelines for the thousands of conspiracy theories on social media in all languages in the United States.

Update: A federal judge on Friday ordered the liquidation of conspiracy theorist Alex Jones’s personal assets but is still deciding on his company’s bankruptcy case. This leaves the future of his Infowars media platform uncertain as he owes $1.5 billion for falsely claiming the Sandy Hook Elementary School shooting was a hoax.

Judge Christopher Lopez approved converting Jones’ personal bankruptcy reorganization to liquidation. He plans to hear testimony on whether Jones’ company, Austin-based Free Speech Systems, should also be liquidated. Free Speech Systems is Infowars’ parent company.

Lopez’s ruling means many of Jones’ personal assets will be sold off, though his primary home and some other belongings are exempt. Jones has already moved to sell his $2.8 million Texas ranch, a gun collection, and other assets to help pay debts.