“Extraordinarily Dangerous”: Warren Demands Answers Over Elon Musk's Access to US Treasury

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QUORUMCALL//GPT:

WORLD’S RICHEST MAN VS. SENATOR WARREN
Elon Musk, the world’s richest man, proposes replacing Social Security numbers with a decentralized, blockchain-based federal payments system. Senator Elizabeth Warren, however, raises privacy and security concerns.

THE PROPOSAL
– Musk’s idea involves a unique digital identifier for every American, which would replace the current Social Security system and reduce the risk of identity theft.
– He suggests this system could be run on a blockchain, a type of decentralized and transparent technology used in cryptocurrencies.

THE PUSHBACK
– Senator Warren, a long-time critic of cryptocurrencies, questions the security and privacy of Musk’s suggestion.
– She argues that this system could be vulnerable to hacking and misuse.

ISSUES AT STAKE
– The debate underscores the growing intersection of technology and government, particularly in areas of identity verification and financial transactions.
– It also highlights the ongoing discord between Silicon Valley and Washington, D.C., over regulatory and privacy issues.

TOPICS COVERED
#Blockchain, #SocialSecurity, #Privacy

NOTE
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title words as hashtags: #Extraordinarily #Dangerous #Warren #Demands #Answers #Elon #Musk039s #Access #Treasury
source domain: www.motherjones.com
source link: https://www.motherjones.com/politics/2025/02/elon-musk-federal-payments-system-elizabeth-warren-social-security-numbers/
matched content: The senator warned that Trump could weaponize Treasury data and punish his political opponents … On Monday, Sen. Elizabeth Warren (D-Mass …
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