00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Senator Elizabeth Warren raised concerns about Beast Industries' acquisition of fintech company
00:07Step and its potential plans to promote crypto to young users, according to Bloomberg.
00:11Warren sent a letter to Jimmy Donaldson and CEO Jeff Housenbold requesting details and
00:16set an April 3rd response deadline. Beast Industries said it will engage with the
00:20senator and review Step's offerings to ensure compliance with laws.
00:23Step previously allowed miners to trade crypto and created content encouraging teens to persuade
00:28parents to invest. The company later removed those features. Beast Industries is exploring
00:33financial services, including crypto and DeFi, after securing a $200 million investment.
00:38For all things money, visit Benzinga.com.
Comments