Senator Warren also raised concerns over X’s record of allowing sanctioned individuals like Hezbollah and the Houthis to purchase verified accounts and raise funds through the platform. She added that there have also been systemic failures to address child sexual abuse material, data privacy violations, and widespread fraud by verified users.
Senator Warren requested a written response detailing Musk’s plans for the launch of X Money and the risks that the product may pose to consumers, financial stability, and national security. X has a deadline of April 21 to submit this written response.
Threat To Other Competitors
