Florida investigates a certain encryption trading platform, focusing on the issue of fee transparency.

According to reports, the Florida Attorney General's Office officially launched an investigation into the crypto assets trading business of a certain platform on July 10, accusing the platform of misleading consumers during promotional activities. The investigation documents indicate that the platform is suspected of falsely advertising its platform as "the cheapest way to buy crypto assets". The state prosecutor has currently issued a subpoena to the company, requiring it to submit relevant marketing materials and internal pricing documents.

This investigation focuses on three core issues: first, the transparency of the actual cost structure of the platform's Crypto Assets trading; second, the matching of the platform's promotional language with actual fees; third, whether there are behaviors aimed at deliberately concealing additional fees. It is noteworthy that this is the second major regulatory challenge the platform has faced this year; just two months ago, the company reached a $10 million settlement agreement with New York state regulators regarding anti-money laundering compliance issues.

Market data shows that the company's stock price fell by 3% following the announcement of the survey, but the Crypto Assets market as a whole was not significantly affected.