Ten of the largest trade associations in fintech and crypto have called on President Donald Trump to intervene in what they say is a coordinated attack by big banks to stifle innovation and lock out competitors. In a letter sent on Wednesday, the groups, which include the Blockchain Association, and the Crypto Council for Innovation, warned that JPMorgan’s plan to charge fees for access to consumer banking data threatens to de-bank millions of Americans and could cripple the adoption of stablecoins (USDC, USDT) and self-custody wallets.
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