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MRBEAST FACES SENATE SCRUTINY OVER TEEN CRYPTO APP
Sen. Elizabeth Warren is questioning MrBeast’s acquisition of Step, a fintech app with ~7M users, over concerns about crypto exposure to minors.
Key issues raised:
📱 Step previously allowed teens to buy crypto and NFTs with parental consent
⚠️ Content allegedly coached minors on how to convince parents to invest
🏛️ Lawmakers are now asking how crypto will be handled going forward
This isn’t just about one app -- it shows how sensitive crypto regulation becomes when it involves retail + younger users.