Florida's Attorney General Investigates Robinhood's Crypto Trading Promotion for Alleged Misleading Practices

The Florida Attorney General's Office launched an investigation into Robinhood's cryptocurrency trading business in July 2025, accusing it of misleading consumers through false advertising by claiming its platform was the "cheapest way to buy cryptocurrencies." The investigation will focus on examining whether Robinhood's "payment for order flow" (PFOF) mechanism affects the fairness and transparency of crypto pricing and may result in users bearing higher costs. [Bloomberg]