More than 80 executives from the crypto and fintech sectors signed a letter urging President Trump to ban bank fees for customer data access, stating that these fees limit consumer choices and hinder essential innovations.
Prominent companies like Gemini and Robinhood endorse this letter, emphasizing that the fees could harm the U.S. Innovation landscape. The Trump administration is currently reevaluating an open banking rule that facilitates sharing of customer bank data with fintechs.
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