Tag

#XMoney

The financial services arm of Musk's X platform. Incidents involve potential conflicts of interest between DOGE's access to Treasury payment systems and Musk's ambitions to build a competing financial services platform.

1 incident

Grade 2 of 5: Major Abuse of Power

CFPB Dismantlement While Musk Launches Competing XMoney Payment Service

Musk used his government role leading DOGE to dismantle the CFPB, the agency positioned to regulate his XMoney digital payments platform, while gaining access to competitors' confidential financial data — a conflict of interest that ethics watchdogs and senators have flagged as potentially criminal under 18 U.S.C. 208. No charge or official finding has been made.