X Money payment system hits roadblock in New York

X Money payment system hits roadblock in New York

The X Money payment system hit a roadblock in New York as state lawmakers urged regulators to deny the company a critical operating license. The payment system is Elon Musk’s bid to launch a person-to-person payment system on the X platform. Two Manhattan Democrats, Assemblymember Micah Lasher and state Sen. Brad Hoylman-Sigal, sent a letter Monday to New York’s Department of Financial Services, opposing X Corp.’s application for a money-transmi…

New York lawmakers try to halt Musk’s plan for nationwide payment system on his X platform

A pair of Democratic lawmakers in New York are asking the state’s Department of Financial Services to halt X owner Elon Musk from starting a payment system on his platform. Assemblyman Micah Lasher and state Sen. Brad Hoylman-Sigal asked the…

NY lawmakers aim to block Elon Musk's attempt to turn X into a Venmo, Zelle competitor

Manhattan Democrats want to thwart Musk’s plans for an “everything app.”

New York Democrats Seek to End Tesla’s Direct Sales Exemption Amid Political Backlash

New York State Democrats are preparing legislation that could revoke Tesla’s special legal status allowing it to sell vehicles directly to consumers, a move seen as political retaliation for CEO Elon Musk’s alignment with the Trump administration. The proposed bill, spearheaded by State Senator Patricia Fahy, would eliminate a waiver granted to Tesla in 2014 [...] The post New York Democrats Seek to End Tesla’s Direct Sales Exemption Amid Politi…