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Warren demands answers from Musk on X Money's consumer protection and financial stability.
Senator Elizabeth Warren sent a letter to Elon Musk demanding answers about X Money, a new payments platform, by April 21.
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.
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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Warren exige respuestas de Musk sobre la protección al consumidor de X Money y la estabilidad financiera.