Senator Elizabeth Warren has formally requested that Beast Industries and YouTube star MrBeast provide detailed information regarding their recent acquisition of Step, a fintech application targeting teenagers. In a letter, Warren expressed concerns about Step's past marketing of crypto assets to minors and specifically highlighted allegations of insider trading involving MrBeast since 2024. She emphasized that as Step expands financial services to young users, particularly in the cryptocurrency and decentralized finance (DeFi) sectors, heightened caution and regulatory compliance are essential. Warren has requested that Beast Industries respond to 11 specific questions about its Step operational plans and safeguards by April 3, 2026.

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