Elon Musk financial scheme exposed as his big X Money announcement coincides directly with DOGE activity and the Republican-controlled House of Representatives.
In the House, it coincides with a vote to kill a rule for oversight of digital payment applications that Musk has recently, openly advocated on social media for Congress to vote against.
“In a move likely to further enrich Elon Musk, the world’s richest person, the Republican-controlled U.S. House of Representatives on Wednesday voted to revoke a rule empowering a federal agency to oversee digital payment applications including Apple Pay, CashApp, and Venmo like it monitors banks and credit card companies.
House lawmakers passed S.J. Res. 28 by a party-line vote of 219-211, a move that followed the Senate’s vote last month to rescind the Consumer Financial Protect Bureau (CFPB) rule requiring payment apps to be regulated under the agency’s supervisory authority.
“The vote,” the progressive advocacy group Demand Progress said, “is the latest in a damning and telling chain of events benefiting Elon Musk,” chairman of the social media company X.”
John Iadarola breaks it down on The Damage Report:
Read more here: House Republicans Pass Bill Letting Musk ‘Fleece Consumers’ With His X Money Scheme
