In brief
- Sen. Elizabeth Warren urged Beast Industries to move cautiously as the firm created by MrBeast considers crypto for Step, a teen-focused mobile banking app.
- Before the company was acquired by Beast Industries, the senator argued that it pressured kids into asking their parents for permission to invest in crypto.
- Earlier this year, Beast Industries signaled an interest in DeFi after receiving a $200 million investment from Ethereum treasury firm BitMine.
Senator Elizabeth Warren (D-MA) requested information Monday regarding Beast Industries’ recent acquisition of Step, urging the company created by YouTube star MrBeast to move cautiously as it weighs crypto for the mobile banking app designed for young investors.
In a letter…
