DOGE is shuttering a consumer watchdog, which may clear the way for Musk's X payments platform plans, think-tank boss says

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DOGE is shuttering a consumer watchdog, which may clear the way for Musk's X payments platform plans, think-tank boss says

//business-finance.news-articles.net/content/202 .. ayments-platform-plans-think-tank-boss-says.html

Published in Business and Finance on Tuesday, April 22nd 2025 at 12:20 GMT by Fortune
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The latest U.S. agency in DOGE's cost-cutting sights is one that may have directly intersected with Elon Musk's business interests.

Elon Musk's social media platform X is under scrutiny by the Consumer Financial Protection Bureau (CFPB) due to its integration of cryptocurrency, particularly Dogecoin, into its payment systems. The CFPB is concerned about the potential risks to consumers, including fraud and market manipulation, as X aims to become a comprehensive financial hub. Musk's vocal support for Dogecoin has raised questions about the platform's impartiality and the safety of its financial services. The investigation comes at a time when X is expanding its payment capabilities, which could significantly impact the financial technology landscape.

Read the Full Fortune Article at:
[ https://fortune.com/2025/02/13/elon-musk-doge-cfpb-x-payments-platform/ ]

N※N

DOGE is shuttering a consumer watchdog, which may clear the way for Musk's X payments platform plans, think-tank boss says