Florida's Attorney General Investigates Robinhood's Crypto Business, Questioning its Advertising and Pricing Mechanisms

The Florida Attorney General's Office launched an investigation into Robinhood's cryptocurrency trading business in July 2025. The investigation suggests that Robinhood's claim that its platform is "the cheapest way to buy cryptocurrencies" may mislead consumers through false advertising. Law enforcement will focus on examining whether its "payment for order flow" (PFOF) mechanism affects the pricing fairness and transparency of crypto transactions, and may lead to users bearing higher transaction costs. [ChainCatcher]