U.S. crypto, fintech executives urge Trump to block bank data fees

The U.S. cryptocurrency and fintech executives sent a letter to the Trump administration criticizing banks’ policies that impose fees for customer data access, which the letter says could prevent consumers from linking their accounts to other financial products, Cointelegraph reported. The Biden administration had previously sought to make bank customer data freely accessible, but opposition from the banking industry prevented its implementation. U.S. President Trump has since stated that the fee rules will remain in place until new guidelines are issued.