Senator Elizabeth Warren issues strong warning against the X Money plan. Warren has raised alarms regarding the upcoming April launch of **X Payments**, highlighting risks to consumer protection and financial stability. She expressed concerns over the offering of deposit accounts with up to 6% annual interest and regulatory loopholes for stablecoin issuance under the GENIUS Act. X Payments has already obtained money transmission licenses in 40 states. #XMoney #Warren #CryptoRegulation

Share






Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.