Coin World News reports that on July 24, ten major financial technology and cryptocurrency industry associations wrote to U.S. President Trump, urging him to stop JPMorgan Chase from charging high fees for accessing customer bank data. The industry associations warned that JPMorgan Chase's actions could lead to millions of Americans being 'unbanked' and threaten the adoption of stablecoins and self-custody wallets. The letter stated that financial data belongs to the American people, not to banks. It calls for the White House to take action by July 29 to defend consumers' right to access bank data for free, in order to maintain a conducive environment for financial innovation.