{"id":36497,"date":"2025-07-11T22:31:52","date_gmt":"2025-07-11T22:31:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36497"},"modified":"2025-07-11T22:31:52","modified_gmt":"2025-07-11T22:31:52","slug":"robinhood-crypto-probed-over-false-low-fee-claims","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36497","title":{"rendered":"Robinhood Crypto Probed Over \u2018False\u2019 Low-Fee Claims"},"content":{"rendered":"<div>\n<p><b>TL;DR<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Robinhood\u2019s \u201clowest cost\u201d crypto claim is under state investigation for potential misleading marketing.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Florida AG subpoenaed internal records to verify Robinhood\u2019s claim of being the cheapest crypto trading platform.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Despite scrutiny, Robinhood pushes global crypto growth with $200M Bitstamp acquisition completed.<\/span><\/li>\n<\/ul>\n<h2><b>Florida Launches Investigation into Robinhood Crypto<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Robinhood Crypto LLC is facing a state-level investigation in Florida over how it promotes its trading costs. The state\u2019s Attorney General, James Uthmeier, said the platform\u2019s claim to offer \u201cthe least expensive way to purchase crypto\u201d doesn\u2019t appear to be backed by evidence.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cRobinhood has long claimed to be the best bargain, but we believe those representations were deceptive,\u201d Uthmeier said.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">The AG\u2019s office has <\/span><a href=\"https:\/\/www.myfloridalegal.com\/newsrelease\/attorney-general-james-uthmeier-fights-florida-crypto-investors-launches-investigation\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">issued<\/span><\/a><span style=\"font-weight: 400;\"> a subpoena for internal documents, including any records supporting the claim that Robinhood offers the lowest trading costs on average.<\/span><\/p>\n<h2><b>Marketing vs. Actual Costs<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Robinhood operates as a commission-free platform but earns from routing trades to third-party firms through payment for order flow. Florida officials say this practice may mean users pay more than expected, even if they aren\u2019t charged upfront fees.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The state\u2019s probe will look at whether customers are given a full picture of what they pay. Uthmeier added,\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cWhen consumers buy and sell crypto assets, they deserve transparency in their transactions.\u201d<\/span><\/p>\n<\/blockquote>\n<h2><b>SEC Closes Separate Probe into Robinhood Crypto<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">While Robinhood now faces scrutiny in Florida, it recently <\/span><a href=\"https:\/\/cryptopotato.com\/robinhoods-crypto-unit-cleared-as-us-sec-wraps-up-investigation-without-action\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">cleared<\/span><\/a><span style=\"font-weight: 400;\"> a federal regulatory hurdle. The U.S. Securities and Exchange Commission ended its long-standing investigation into the company\u2019s crypto unit without taking action. That decision removes a major obstacle for Robinhood as it pushes deeper into digital assets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The company also sent a <\/span><a href=\"https:\/\/cryptopotato.com\/robinhood-calls-on-sec-to-modernize-rwa-regulation-in-42-page-proposal\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">proposal<\/span><\/a><span style=\"font-weight: 400;\"> to the SEC last month, calling for updated rules around tokenized real-world assets. It asked regulators to treat blockchain-based versions of assets like real estate or stocks the same as their traditional forms, rather than as derivatives.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite the state investigation, Robinhood is moving ahead with its global expansion. As CryptoPotato <\/span><a href=\"https:\/\/cryptopotato.com\/robinhood-cements-crypto-ambitions-with-200m-bitstamp-takeover\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">reported<\/span><\/a><span style=\"font-weight: 400;\">, the company has completed a $200 million acquisition of Bitstamp, gaining access to customers across Europe, the UK, and Asia. The move marks a shift toward serving larger institutions alongside retail users.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, Robinhood shares ended Thursday at $98.70, up 4.4% for the day, according to <\/span><a href=\"https:\/\/hk.finance.yahoo.com\/quote\/HOOD\/\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">Yahoo Finance<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/robinhood-crypto-probed-over-false-low-fee-claims\/\" rel=\"nofollow\">Robinhood Crypto Probed Over \u2018False\u2019 Low-Fee Claims<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Robinhood\u2019s \u201clowest cost\u201d crypto claim is under state investigation for potential misleading marketing. Florida AG subpoenaed internal records to verify Robinhood\u2019s claim of being the cheapest crypto trading platform. Despite scrutiny, Robinhood pushes global crypto growth with $200M Bitstamp acquisition completed. Florida Launches Investigation into Robinhood Crypto Robinhood Crypto LLC is facing a state-level [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-36497","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36497"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36497\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}