Florida Cracks Down on Robinhood’s Crypto Pricing Claims

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Florida authorities are taking Robinhood Crypto to task over what they allege are misleading claims about trading costs.

The Attorney General’s office announced an investigation Thursday, challenging Robinhood’s self-proclaimed status as the most affordable crypto trading platform.

“Consumers deserve complete transparency when investing in digital assets,” said AG James Uthmeier. “Our preliminary findings suggest Robinhood may not have been forthcoming about its actual fee structure.”

The investigation will examine whether Robinhood violated state consumer protection laws. Officials have already issued a subpoena for internal company documents related to pricing models and marketing claims.