Under Trump’s second presidential term, traditional financial institutions and crypto firms are increasingly collaborating due to regulatory rollbacks. Major banks like Bank of America are exploring stablecoins and seeking licenses to offer crypto services, indicating a significant shift in the finance sector's approach to digital assets.

The finance industry is facing a crisis of trust characterized by aggressive pricing and risk-taking, as exemplified by JP Morgan's decision to impose fees for open banking access. This move has sparked controversy amid a backdrop of high inflation and a multi-polar world, highlighting the tensions between traditional banks and fintech companies. The article discusses the implications of these developments, including a record IPO for a crypto-holding company, and raises questions about the future of financial regulation and consumer trust in the industry.

South Korea's Financial Services Commission has ordered Apple to remove 14 unregistered crypto apps, including KuCoin and MEXC, from its App Store, effective April 11. This action follows a similar ban on Google’s Play Store as the country intensifies regulatory measures against unregistered foreign crypto services. Violating these regulations can lead to severe penalties for providers.

A coalition of ten major fintech and crypto trade groups is urging President Trump to intervene against JPMorgan's proposed fees for accessing consumer banking data, which they argue could stifle innovation and de-bank millions of Americans. The letter emphasizes that financial data should belong to consumers and warns that such fees threaten the adoption of stablecoins and self-custody wallets. The situation is complicated by ongoing legal battles over the Consumer Financial Protection Bureau’s open banking rule, which mandates free access to consumer data.