More than 80 executives from the encryption industry jointly protested against banks charging for data access, stating that it hinders financial innovation.

On August 15, over 80 executives from the Crypto Assets and fintech industries co-signed a letter to U.S. President Trump, criticizing banks for charging fees to access customer data, stating that this action stifles consumer choice. The letter accused large banks of attempting "to maintain their market position by imposing exorbitant new 'account access' fees, which will prevent consumers from connecting their accounts to better financial products of their choice." The Biden administration had previously tried to ensure free access to bank customer data, but opposition from the banking sector hindered its implementation. President Trump subsequently stated that the fee rules would remain in effect until new guidelines were released.

Certain trading platforms, certain trading platforms, and the Crypto Assets Innovation Committee and Blockchain Association support this letter, which claims that these fees will undermine the U.S. Crypto Assets, artificial intelligence, and digital payment industries.