Sen. Blumenthal raises concerns about Visa's deal with Elon Musk's X

From CNBC: 2025-03-07 10:00:01

Senator Richard Blumenthal questioned Visa’s deal with Elon Musk’s X social media site, citing concerns about conflicts of interest and consumer protection. Blumenthal’s letter to Visa CEO Ryan McInerney highlighted fears of fraud and scams on the platform. Visa faces scrutiny over its role in enabling payments on X and ensuring regulatory compliance.

Read more: Sen. Blumenthal asks Visa for details on Elon Musk X payments deal