"Sen. Elizabeth Warren's letter to Elon Musk emphasizes that X Money could pose significant risks to consumers, national security, and the stability of the financial system, citing Musk's previous management of X."
"Musk has announced that X Money will launch in early public access in April, but details remain sparse. Former X CEO Linda Yaccarino mentioned features like funding X Wallets and peer-to-peer transactions."
Sen. Elizabeth Warren has expressed concerns about the safety of consumers using Elon Musk's upcoming payments platform, X Money. In a letter to Musk, she highlighted potential risks to consumers, national security, and the financial system's stability. Despite Musk's plans for X Money to launch in early public access, Warren remains skeptical about his ability to manage a payments service safely. She referenced past criticisms of X, including issues related to child sexual abuse material and regulatory scrutiny.
Read at The Verge
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