Florida AG opens probe into Robinhood. Here's the latest

Stock Performance & Market Dynamics - Robinhood shares hit a fresh all-time high, up over 150% this year, correlating with Bitcoin's record and crypto-linked stocks rally [2] - Potential decoupling due to new headwinds [1][2] Regulatory & Legal Challenges - Florida's AG has initiated a probe alleging Robinhood misled users regarding the lowest cost crypto trading, focusing on payment for order flow [2] - Robinhood defends its disclosures as best-in-class and claims to offer the lowest average cost [3] Fee Structure & User Backlash - Robinhood rolled out a 25% staking fee for US users, drawing criticism despite being in line with Coinbase [3] Innovation & Expansion - CEO Vlad Tenev is focusing on tokenized stock offerings in Europe, providing exposure to firms like OpenAI via SPVs [4] - OpenAI has cautioned that the tokens do not represent real equity, a point acknowledged by Tenev [4] - Momentum from Trump's newly signed law creating government-seeded investment accounts for newborns, with Robinhood prototyping a program [4][5]