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NY Lawmakers Seek to Block Musk's X Money, Target Tesla Licenses; 71% Democrats Support DOGE Prison Law

12 posts • GPT (4.1)

Updated May 9, 2025, 10:42 AM

New York state lawmakers are seeking to block Elon Musk's efforts to launch a person-to-person payment system, X Money, on his X platform by urging state regulators to deny the company a money-transmitter license. Assemblymember Micah Lasher and state Senator Brad Hoylman-Sigal have petitioned the New York Department of Financial Services, citing concerns over Musk's 'pattern of reckless conduct' in both business and government, including his role in the Department of Government Efficiency (DOGE) under President Donald Trump. The lawmakers argue that Musk lacks the 'character and general fitness' required by state law for a money-transmitter license, and warn that granting the license would give X access to large amounts of consumer data. X Money, which aims to rival services like Venmo, Zelle, and Apple Pay, has already secured licenses in 42 states, the District of Columbia, and California, but New York remains a key hurdle. X Money announced a partnership with Visa in January to support the payment system. In addition to the payment system, New York lawmakers are targeting Musk's other ventures. State Senator Patricia Fahy has introduced legislation to revoke Tesla's direct sales licenses in New York, which currently allow the company to operate five locations without using dealer franchises. Lawmakers have also called for a pause in renegotiating Tesla's lease for a Buffalo factory. According to a Rasmussen Reports survey, 71% of Democrats would support a hypothetical law to imprison Musk for his role in DOGE, and 68% would support banning him from government service. The same poll shows that a majority of Republicans oppose such measures. The New York Department of Financial Services has stated that it thoroughly reviews all license applications and holds all applicants to robust standards.

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#New York #Elon Musk #Micah Lasher #Musk #Department of Government Efficiency #DOGE #Donald Trump #Venmo #Zelle #Apple Pay #District of Columbia #California #Visa #Patricia Fahy #Tesla #Buffalo #Rasmussen Reports #Democrats #Republicans

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SMX 🇺🇸

@iam_smx

Don't let Elon Musk see this. 😂 https://t.co/4pmcKaBGlE

Marius Roodt

@MariusCRoodt

Elon Musk once said: "Free speech is the bedrock of a functioning democracy." But he seems happy enough to block speech if an authoritarian government asks him to https://t.co/YSA0T1BKIp

Tesla Owners Silicon Valley

@teslaownersSV

Protect Elon Musk at all costs https://t.co/Bi5ju4NlbI