🚨Sen. Elizabeth Warren Slams X Money's Safety Record in Scathing Letter to Musk

X Money faces scrutiny over consumer safety and financial practices

Sen. Elizabeth Warren has written a letter to Elon Musk expressing her deep concerns about the consumer safety of X Money, which is set to launch in early public access in April. The platform will allow users to fund their X Wallet using Visa's Direct service, connect to debit cards for peer-to-peer transactions, and transfer funds to a bank account. Warren cites Musk's 'track record operating X' as a reason for concern, referencing the circulation of child sexual abuse material, including some generated by its AI chatbot Grok. The letter also highlights the report that found X allows users subject to US sanctions to pay for a Premium subscription. Warren is giving Musk until April 21st to answer more than a dozen questions about X Money, including whether Cross River Bank will act as X Money's partner and what controls the service will have to prevent scams, fraud, and illicit finance.