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Senator Elizabeth Warren questions Beast Industries over crypto plans for minors
U.S. Senator Elizabeth Warren has sent an inquiry to Beast Industries regarding its plans to allow minors to invest in cryptocurrencies and NFTs. The move follows the company’s acquisition of the banking app Step and its announcement of a dedicated crypto platform aimed at young users under 18. Warren expressed concern that YouTuber Jimmy Donaldson, widely known as MrBeast, could promote cryptocurrencies to teenagers and young audiences following the Step acquisition. According to Warren, while Step claims that minors can only invest in crypto with parental or guardian consent, Beast Industries’ platform has ... (full story)
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