A group of 80 crypto and fintech firms has urged President Trump to intervene on bank data access, calling for the cancellation of related fees and a reduction in barriers to obtain essential financial data. The appeal underscores growing frustration among innovative financial companies over regulatory costs and the friction of accessing bank data for product development and compliance.

The move signals a broader push from the crypto and fintech communities for more accessible and affordable data pathways. Proponents argue that streamlined access to bank data is crucial for building secure, compliant, and customer-friendly services, from payment rails to digital asset platforms.

If successful, the policy shift could boost innovation, improve competition, and expand financial inclusion by lowering the cost of data for startups. However, critics may worry about data security, privacy, and the potential for regulatory rollbacks that could weaken consumer protections.

What to watch moving forward includes potential White House statements, regulatory guidance, and any accompanying privacy safeguards. Investors and builders should monitor how changes to bank data access policies could affect compliance costs, product development timelines, and market competition.

In conclusion, the coalition’s appeal highlights a critical policy area for the crypto and fintech sectors: balancing accessible data with strong privacy and security standards. Stakeholders should stay informed about developments and be prepared for shifts in regulatory stance that could reshape the landscape of financial technology.