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July 10, 2025

Florida AG Launches Investigation into Crypto Platform

On July 10, 2025, Attorney General James Uthmeier of Florida launched an​ investigation into a cryptocurrency and stock trading platform, with the goal of assessing whether the platform is breaking Florida’s Deceptive and Unfair Practices Act by falsely promoting its crypto platform as the least expensive way to purchase crypto.

The AG’s office has issued a subpoena to the platform, seeking documents relating to how the platform markets, prices, discloses and executes crypto trades. The platform must submit its response by July 31, 2025.

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