X rolls out Cashtags as Musk calls most crypto scams

Musk called most cryptocurrencies “scams” in court. X at the same time rolled out web Cashtags for top coins and stocks, turning tickers into real‑time market pages.

“Some of them have merit, but most of them are scams,” he said during testimony in Oakland. Source: Watcher.Guru tweet from the courtroom.

X launched web Cashtags. Pages now exist for BTC, ETH, DOGE, XRP, and major equities. The product shows live prices and asset‑specific post feeds. X frames this as a step toward a trading‑terminal experience, per the report. Source: Coinspeaker coverage.

Why this matters for investors. The stance distances X from the open token market that faces sustained SEC actions. It signals a licensed, closed financial stack built inside the app. Context: SEC’s ongoing crypto enforcement track record is documented here: Coinspeaker review of SEC cases.

How X Payments is being built, per the report:
- Operates under state money‑transmitter licensing
- Keeps users inside X, not routing to external token venues
- Starts with the most liquid, institutionally legible assets

Policy backdrop supports this path. The White House push for stablecoin clarity, including the GENIUS Act framework, points to more defensible, dollar‑denominated payments rails versus open token trading. Source: Coinspeaker on the policy push.