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flag Warren demands answers from Musk on X Money's consumer protection and financial stability.

flag Senator Elizabeth Warren sent a letter to Elon Musk demanding answers about X Money, a new payments platform, by April 21. flag She raised concerns about consumer protection, financial stability, and national security, specifically questioning whether the platform will issue a stablecoin, partner with Cross River Bank, offer a 6% interest rate on deposits, and collect detailed transaction data. flag Warren highlighted the bank's history of regulatory issues and questioned how X Money can sustain high returns given current federal interest rates.

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