The long-anticipated rollback of net neutrality rules has officially begun. The FCC voted along party lines on Thursday to formally consider Chairman Ajit Pai's plan to scrap the legal foundation for the rules and to ask the public for comments on the future of prohibitions on blocking, throttling and paid prioritization.

Why it matters: This is the next step in the decade-long political fight over how to regulate the networks that have redefined politics, culture and the economy. Silicon Valley and telecom giants have opposing views of how web traffic should be treated on the way to reaching consumers — an increasing issue now that digital content is supplanting nearly every other format. The FCC has already been flooded with heated comments from both sides of the battle.