Political Quotes

On the recordMarch 4, 2025
today's vote to proceed on this Congressional Review Act resolution should be renamed the ``Elon Musk `Get Out of Jail Free' Card.'' This resolution gives Elon Musk the ability to launch his xMoney site without worrying about breaking the law and getting caught. Of course, this is also a ``get out of jail free'' card for others like, Apple Pay and Google Pay and other online platforms that handle people's money, and there is a good reason to oppose it. This bill is another example of how Republicans in Congress, in conjunction with President Trump and Elon Musk in the White House, are sticking it to families and middle-class consumers all over America and declaring it open season for fraudsters. In fact, just a few hours ago, Trump and Elon dropped the Agency's lawsuit against Zelle and the big banks that own Zelle for failing to protect consumers from being scammed out of nearly $1 billion on their app. Now Republicans are trying to roll back the CFPB's ability to protect Americans from getting scammed on payment apps like Venmo and Cash App, and they are making it easier for unelected billionaire Elon Musk to cheat American consumers and line his own pockets. So here is the back story: Musk bought Twitter, lost buckets of money, then decided he could recover and make more money by setting up a new financial services arm called xMoney. Now, in ordinary times, he could do that, but the CFPB would be responsible for enforcing consumer financial laws for xMoney.…
Said by
Elizabeth Warren
Democratic · Massachusetts

Share

More from Elizabeth Warren

Jul 8, 2026

DoD appears to have forged ahead in expanding AI use throughout the military, including as part of President Trump’s illegal war in Iran, while releasing no meaningful information about contractual guardrails to prevent the misuse of these…

warren.senate.gov
Jul 16, 2026

I urge DOD to flatly prohibit vertical integration in the next TRICARE pharmacy contract. A vertically integrated PBM has every incentive to line its own pockets, and DOD should not be using taxpayer dollars to fund these schemes.

warren.senate.gov
Jul 7, 2026

These new examples are more evidence that greedy contractors are scamming our military and wasting taxpayer dollars.

rollcall.com
Jul 17, 2026

Without greater visibility into these acquisitions, it is not just national security that could be on the line — Americans’ access to medicines is also at risk.

warren.senate.gov

Other voices in this conversation