Florida Attorney General investigates Robinhood's cryptocurrency business, questioning its marketing and pricing mechanisms

ChainCatcher news, the Florida Attorney General's Office launched an investigation into Robinhood's cryptocurrency trading business in July 2025. The investigation points out that Robinhood claims its platform is "the cheapest way to buy cryptocurrency," which may mislead consumers through false advertising.

Law enforcement agencies will focus on examining whether its "Payment for Order Flow" (PFOF) mechanism affects the fairness and transparency of pricing in cryptocurrency trading, potentially leading to higher trading costs for users.