More than 80 chief executives from the fintech and cryptocurrency sectors have asked President Donald Trump to intervene against plans by major U.S. banks to impose fees on third-party access to customer account data. The group delivered a letter to the White House on 14 August urging the administration to “use the full power of your office” to block the charges, which they argue would raise costs for consumers and stifle competition. Signatories include Shopify chief executive Tobi Lütke, Gemini co-founders Tyler and Cameron Winklevoss, and leaders from Robinhood, Andreessen Horowitz, the Financial Technology Association and the American Fintech Council. Collectively, they warn that the proposed fees would ‘cripple innovative products’ and risk forcing smaller financial apps and digital-asset firms out of the market. JPMorgan Chase and regional lender PNC have floated charging fintech companies and data aggregators such as Plaid and MX for transmitting customer information. The banks say the fees would recoup technology costs, while the fintech coalition calls the move anti-competitive and notes that current law does not expressly permit account-access charges. The dispute stems from a Consumer Financial Protection Bureau rule drafted under the Biden administration that sets out how consumers can share bank data with outside platforms. Unless the White House acts, the industry expects banks to begin levying the new fees as early as September. The appeal lands as the administration reportedly prepares an executive order aimed at preventing banks from ‘debanking’ crypto firms, highlighting the widening policy clash between established lenders and the fast-growing digital-asset industry.