Florida AG Investigates Robinhood Over Crypto Pricing Claims

Key Points

1. Florida AG James Uthmeier is investigating Robinhood Crypto for potentially deceptive marketing claims about offering the 'lowest cost on average' for digital asset purchases.

2. The subpoena requires Robinhood to respond by July 31 and seeks extensive documents to verify the accuracy of its cost claims.

3. Robinhood CEO Vladimir Tenev advocates for tokenizing private company stocks, but OpenAI publicly denounced Robinhood’s tokenized offerings of its stock.

4. A convicted cybercriminal, Nicholas Truglia, was resentenced to 12 years in prison for a SIM-swapping attack that stole over $23 million in crypto.

5. Former Bitfury executive Jonathan Gould was confirmed to lead the Office of the Comptroller, signaling a crypto-friendly stance in the Trump administration.