Mizuho: X Money Could Rival PayPal but Faces CLARITY Act Obstacles

• Analysts at Mizuho warn that the CLARITY Act could get in the way of X Money’s plans.
• Mizuho cut PayPal’s stock rating to “neutral,” pointing to a growing threat.
• X has rolled out Cashtags, which let users track stocks and crypto inside the app.

Analysts from the Japanese investment bank Mizuho suggest that X Money (the upcoming payments platform from X) has the potential to shake up US payments and go head‑to‑head with PayPal.

However, Mizuho warns that new US crypto regulations, especially the CLARITY Act, could get in the way of X Money’s plans, particularly when it comes to adding crypto features or offering yield products.

The analysts say X Money is meant to be the financial engine of Musk’s “everything app”, combining P2P payments, digital wallets, and commerce with social features.

The model is similar to Chinese super‑apps like WeChat P…

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