US Senator Warren questions Beast Industries' acquisition of Step

Elizabeth Warren, a senior Democrat on the Senate Banking Committee, has written to Jimmy Donaldson and the CEO of Beast Industries expressing concerns about the company's acquisition of fintech company Step. Step has allowed minors to invest in cryptocurrencies and NFTs under parental supervision. Warren pointed out that about 39% of Mr. Beast's audience is aged 13 to 17, and requested clarification on whether Step will continue to provide cryptocurrency investment services and user fund protection measures in the future, with a deadline of April 3 for a response. Beast Industries responded by stating that they will carefully review Step's existing business to ensure compliance.