About a week before Elon Musk helped take over the nation’s leading consumer financial watchdog, his social media site, X, unfurled the details of a new payment system that may have drawn federal scrutiny — underscoring the complicated web of personal interests at stake as the world’s richest person advises President Donald Trump on a reconfiguration of the U.

Republicans have long criticized the Consumer Financial Protection Bureau. Musk’s allies have entered the building and are embedded in the agency.

Elon Musk and DOGE have begun making moves toward dismantling the CFPB. The watchdog agency would be in charge of regulating X, which Musk wants to transform into a payment platform.