Sen. Elizabeth Warren (D-MA) has raised regulatory concerns about X's upcoming X Money payments platform, citing risks to consumer privacy, national security, and financial system stability. The platform, launching in early April, enables peer-to-peer transactions via Visa Direct and bank transfers. Warren's letter cites X's enforcement record on child safety and documented violations allowing sanctioned entities (Hezbollah, Houthi officials) to access premium features.
Policy
Elon Musk grilled by senator over X Money plans
X's financial services push faces Senate opposition after Sen. Warren flags compliance failures—including sanctioned entities' platform access—that undermine consumer protection and national security.
Tuesday, April 14, 2026 12:00 PM UTC2 MIN READSOURCE: The VergeBY sys://pipeline
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