Elon Musk faces scrutiny from Senator Elizabeth Warren over the upcoming X Money payments platform, citing concerns about consumer safety, national security, and financial stability. Musk plans to launch early public access in April, with features including Visa Direct integration and peer-to-peer transactions. The inquiry highlights regulatory challenges for tech-driven financial services.
Background
X (formerly Twitter) has been expanding into financial services under Elon Musk's leadership, aiming to create an 'everything app'. Regulatory scrutiny is common for new entrants in the payments and banking sector.
- Source
- The Verge
- Published
- Apr 15, 2026 at 02:00 AM
- Score
- 6.0 / 10