Musk's X Money Goes Live Amid Regulatory Fears

X Money has launched in 41 states across the US, marking a significant milestone for the digital bank. The launch comes as Elizabeth Warren, a prominent critic of Elon Musk's banking ambitions, warned that the billionaire's plans pose risks to financial stability.

Warren expressed concerns about the potential for X Money to operate outside traditional regulatory frameworks, which could lead to systemic risks and undermine consumer protection.

The launch of X Money has been seen as a key test case for Musk's vision of a decentralized banking system. With operations now live in 41 states, the digital bank is expanding its reach and testing the boundaries of financial regulation.