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Senator Warren Raises Concerns Over Elon Musk's X Money

4/14/2026

Summary

Story summary

Senator Elizabeth Warren has expressed concerns about Elon Musk's new payments platform, X Money, in a letter dated April 21.
She warns that X Money could jeopardize consumer safety, national security, and financial stability due to Musk's history with X.
Warren cites X's handling of child sexual abuse material and ties to sanctioned individuals as significant issues.
She questions the reliability of Cross River Bank, which will manage X Money deposits, referencing past FDIC enforcement actions.
Warren seeks answers from Musk regarding X Money's operations and risks, including consumer data surveillance.

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Story summary

Senator Elizabeth Warren has expressed concerns about Elon Musk's new payments platform, X Money, in a letter dated April 21.
She warns that X Money could jeopardize consumer safety, national security, and financial stability due to Musk's history with X.
Warren cites X's handling of child sexual abuse material and ties to sanctioned individuals as significant issues.
She questions the reliability of Cross River Bank, which will manage X Money deposits, referencing past FDIC enforcement actions.
Warren seeks answers from Musk regarding X Money's operations and risks, including consumer data surveillance.