Warren questioned MrBeast’s Step acquisition and plans to introduce crypto to teenagers.
Step previously promoted risky crypto and even guided teens to convince their parents.
Concerns raised over banking partner Evolve’s AML failures and past data breach.
Senator Elizabeth Warren has sent a formal letter to Jimmy Donaldson, better known as MrBeast, demanding answers about his company’s acquisition of Step, a banking app designed for teenagers, and its potential plans to introduce cryptocurrency to millions of young users.
The letter, addressed to both Donaldson and Beast Industries CEO Jeff Housenbold, raises pointed questions about whether the world’s most subscribed YouTuber is equipped, or even legally prepared, to manage financial services for minors.
A $200 Million Crypto Bet on Kids
Beast Industries recently acquired Step after receiving a $200 mil…
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