Regulatory Hurdles Delay Musk’s ‘X Money’ Initiative

Elon Musk’s plan to launch a cryptocurrency payment system, X Money, has been hit by regulatory delays in both the U.S. and Europe. These challenges are compounded by high attrition rates within compliance and legal teams, potentially impacting the project’s timeline. Despite efforts from Elon Musk and Linda Yaccarino, CEO of X, to address these hurdles, regulatory uncertainty remains a major obstacle for X Money’s launch. 2025 goals including X TV integration, along with X Money’s potential impact on finance and fintech, have become impacted by the delays.