Sen. Elizabeth Warren (D-Mass.) sent Elon Musk a letter Tuesday demanding answers about X Money by April 21, citing concerns that the upcoming payments platform could pose risks to consumers, national security, and financial stability.

The 13-Question Demand

Warren, the top Democrat on the Senate Committee, is pressing Musk on whether X Money will issue a stablecoin, partner with Cross River Bank, offer 6% APY on deposits, and surveil consumer transaction data.

The letter comes as Musk prepares to launch X Money in early public access this month.

Former X CEO Linda Yaccarino said the platform will allow users to fund their X Wallet using Visa’s Direct service, connect to debit cards for…

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