This year Robinhood grew by 160%

Marvelous On Friday, the stock reached all the time when the financial services platform continued to disrupt as well as bitcoin And other crystals are staples.

Robinhood, more than 160% in 2025, reached an internal high level up to $ 101 before you distract back and close just below.

The appeal came after Bloomberg notice that JPMorgan plans to start chargeing Fintechs for access to the customer bank data, which could raise the cost of the industry.

For Fintech firms, which are counting on thin stocks to offer customers free services, even minor disruptions in the structure of their costs can have serious effects for pulsation. Enhancement and State Both ended the day nearly 6% below after the report.

Despite its stellar year, the Internet broker is facing several winds, with a normative Artificial intelligence Company.

Florida Attorney General James Utmaier opened official investigation In Crypto Robinhood on Thursday, claiming the platform was misleading users, saying that it offers the smallest crystand.

“Robinhood has long claimed that this is the best deal, but we believe that these ideas were deceptive,” Utmeyer said in a statement.

The probe focuses on the use of Robinhood’s payment for the order stream – the usual practice when market manufacturers pay for trading – which, according to AH, can lead to the worst prices for customers.

Robinhood Crypto general lawyer Lucas Muscovitz told CNBC that his disclosure is “best in the classroom” and that it provides the lowest average.

“We disclose customers about the price cycle of trading cycle, which clearly outlines the spread or the transaction -related fee, and Robinhood receives,” Muscovitz added.

Robinhood also faced with confrontation of new 25% reduction attitude Awards for US users starting on October 1.

Standing allows the owners to earn on the crop EthereumBut the platforms often accept the percentage of these awards as a commission.

By 25% reduction of the dock puts it in line with Basewhich charges from 25.25% to 35 depending on marker. The incision is noticeably higher than Twins Flat 15%.

This means a shift for a company that has previously escaped from affairs against the background of normative uncertainty.

Under the president Joe Biden‘Administration, Commission on Securities and Exchanges Having gripped on the US platforms offering services that they were unregistered securities.

With the president Donald Trump At the White House Agency canceled the course of several krypto performances by rejecting cases against major players both coinbase and binance and signal a more permit position.

Even as the actions for strengthening the ease, Robinhood is under fresh control over its tokenized stock, which is increasingly part of its international strategy.

Now the company offers assets based on blockchain in Europe that give users synthetic exposure to private firms like Openai and Space through special purpose vehicles or SPVs.

SPV is a separate organization that acquires stocks in the company. The users then buy SPV tokens and have no shareholder privileges or voting right in the company.

Openai publicly objected to warn that the tokens did not represent real capital and were issued without its approval. In an interview with CNBC International, CEO Vlad Tenne They are recognized that the tokens are not technically a stock of capital, but they said it misses a wider moment.

“What is important is that retail customers have the opportunity to get this asset,” he said, pointing to the devastating nature of the II and historically limited access to companies before the IPP.

“It is true that it is not technically capital,” Tennen added, noting that institutional investors often receive a similar exposition through structured financial instruments.

Bank of Lithuania “The EU leader’s lead regulator said on Monday CNBC that he” awaits explanations “after the Openai statement.

“Only after receiving and evaluating this information will we be able to evaluate the legality and preservation of these specific instruments,” the spokesman said, adding that information for investors should be “clear, fair and not intervened.”

Tennene replied that Robinhood “is pleased to continue answering the questions of our regulators,” and stated that the company had built its tokenized action to resist control.

“As this is a new thing, the regulators want to look at it,” he said. “And we expect that a large innovative player will be studied in this space.”

S chair Paul Atkins Recently, he called the “innovation” model in the CNBC Squawk box, offering a specific check because Robinhood leans further into its synthetic justice strategy – even if legal clarity remains in the stream within the jurisdiction.

Despite the normative noise, many investors remain focused on Robin’s growth, and especially on political tail winds.

The company positions itself as a key beneficiary of the recently signed Megabill Trump, which includes investment accounts provided by the state at $ 1000 newborns. Robinhood said this is already a prototype app for “Trump’s accounts‘Initiative.

See: See a complete interview CNBC with CEO Robinhood Vlad Tenev