In crypto news today, Elon Musk's social platform X is set to introduce a financial services arm, with a planned launch in 2025. X’s CEO, Linda Yaccarino, revealed that the platform, boasting 611 million users, aims to allow users to make payments and investments directly through the app. Meanwhile, South Korea's financial regulator is initiating an investigation into transaction fees at local crypto exchanges to assess whether they impose an excessive burden on consumers. The probe aligns with a pro-crypto agenda to support young traders, as articulated by the financial regulatory authority. Additionally, U.S. President Donald Trump expressed urgency for lawmakers to expedite stablecoin legislation, emphasizing the need for the GENIUS Act to reach his desk without delays, following its recent Senate approval. The House is expected to deliberate on the bill amid concerns regarding potential conflicts of interest related to Trump's crypto businesses.

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