Musk Business Entanglements Loom Over CFPB Siege

The Hill reports, "Elon Musk’s plans to add payment services to X, his social media platform, are looming large over the Trump administration’s push to dismantle the Consumer Financial Protection Bureau (CFPB)."

Additionally, Trump’s social media company, Trump Media & Technology Group, looking to enter the cryptocurrency payment processing space stands to also benefit from a lack of financial oversight.

“Together, Trump and Musk seem to be uncaring about any conflict of interest and are just blatantly acting in ways that are out to serve their own private financial interest,” said John Pelissero, Ethics Center director of government ethics.

John Pelissero, director, government ethics, quoted by The Hill.