Crypto Leaders Call for Trump Intervention: Block Bank Fees Impacting DeFi

Over 80 executives from prominent crypto and fintech firms are urging former President Donald Trump to intervene against escalating fees imposed by large US banks on third-party banking data access. These fees could significantly hinder the growth of the decentralized finance (DeFi) market and impact its leading digital currencies like Bitcoin (BTC) and Ethereum (ETH). This move from major players in the industry has triggered concerns that increased operational costs could stall innovation, deter investment, and potentially disadvantage the US in the global DeFi space.