Senator Warren Confronts Elon Musk Over X Money Crypto Plans

U.S. Senator Elizabeth Warren has formally requested detailed information from Elon Musk regarding the planned cryptocurrency integration for X Money.

The Massachusetts Democrat, a prominent critic of digital asset risks, specifically questioned the potential threats to U.S. financial stability and national security in her letter to Musk.

Warren's scrutiny focuses on the inclusion of cryptocurrencies and stablecoins, with the Senator explicitly asking if the company plans to issue its own proprietary stablecoin and how it would maintain its peg to the U.S. dollar.