03-11-2025, 07:24 PM
And you know what’s interesting about that, don’t you? You know who wants to get back into the fintech game? Elon Musk! He’s been planning for a long time now to turn The Site Formerly Known As Twitter into “an everything app” that would ultimately also be a payment app like Venmo or Paypal. In January, he announced that he was partnering with Visa to create “X Money Accounts.” Had Trump lost, this would have been regulated by the CFPB and will now be regulated by absolutely no one, while regular banks will still be regulated by the Federal Reserve, FDIC and the Office of the Comptroller of the Currency.
https://www.wonkette.com/p/banks-suddenl...they-might