Crypto Advocates Pressure Trump to Block JPMorgan’s Controversial Data Fees

Crypto groups are turning up the heat on former President Trump—urging him to intervene against JPMorgan's latest cash grab: punitive data fees targeting blockchain firms.

Wall Street's favorite vampire squid strikes again. JPMorgan's new fee structure—dressed up as 'infrastructure costs'—could kneecap crypto firms relying on its market data feeds. The move reeks of old-guard resistance as decentralized finance keeps eating their lunch.

Behind the scenes: Lobbyists argue these fees create artificial barriers for crypto innovators. Meanwhile, Jamie Dimon's empire keeps minting money the old-fashioned way—by charging rent at every possible turn.

The kicker? This comes as JPMorgan quietly hoards blockchain patents like a dragon sitting on gold. Hypocrisy much?

A coalition of fintech and cryptocurrency trade groups has called on President Trump to intervene against JPMorgan Chase’s plan to impose fees for accessing customer data. The groups warn that JPMorgan’s proposed charges threaten the principles of open banking by limiting fintech and crypto firms’ ability to deliver innovative, competitive financial services. They urge regulatory action to ensure fair and affordable access to banking data, which is crucial for fostering innovation and expanding consumer choice in the digital financial ecosystem.