NYDFS Orders X to Cut Interest on X Money for New York Users
State regulator directs X to set yield to zero on X Money balances for New York customers from October 1, 2026.
New York’s Department of Financial Services informed X that the company cannot pay interest on X Money balances held by customers in the state.
The yield on those accounts will drop to 0.00 percent on October 1, 2026.
The scale of X Money balances belonging to New York users is not known, nor is X’s response or compliance timeline.