Sen. Elizabeth Warren asked Elon Musk to explain X Money’s planned launch, services, and safeguards, raising concerns about consumer risks and regulation. X did not immediately respond to a request for comment, and the article says Musk had provided few details about the product.
Former president whose administration instituted the regulation later repealed
ALSO MENTIONED Elon Musk, X owner whose planned digital wallet is the subject of Warren’s letter; Rohit Chopra, Former CFPB director who led the digital-wallet oversight effort
Former president whose administration instituted the regulation later repealed
ALSO MENTIONED Elon Musk, X owner whose planned digital wallet is the subject of Warren’s letter; Rohit Chopra, Former CFPB director who led the digital-wallet oversight effort
Republished with credit
Republished from Paymentsdive, with credit to the original publisher.
