{"id":37432,"date":"2025-07-17T10:46:42","date_gmt":"2025-07-17T10:46:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=37432"},"modified":"2025-07-17T10:46:42","modified_gmt":"2025-07-17T10:46:42","slug":"jpmorgans-plan-to-impose-fees-on-data-aggregators-could-cripple-the-crypto-industry-say-execs-this-would-put-everyone-out-of-business","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=37432","title":{"rendered":"JPMorgan&#8217;s Plan To Impose Fees On Data Aggregators Could &#8216;Cripple&#8217; The Crypto Industry, Say Execs: &#8216;This Would Put Everyone Out Of Business&#8217;"},"content":{"rendered":"<div>\n<p><strong>JPMorgan Chase &amp; <\/strong><span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\"><strong>Co.<\/strong>\u2018s\u00a0<\/span>(NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/JPM#NYSE\">JPM<\/a>) plan to introduce fees for transactions involving cryptocurrencies and third-party services could significantly cripple the fintech industry, say experts.<\/p>\n<p><strong>What Happened<\/strong>: JPMorgan Chase is considering charging data aggregators, such as\u00a0<strong>Plaid<\/strong>\u00a0and\u00a0<strong>MX<\/strong>, every time a customer transfers funds from their JPMorgan Chase account\u00a0to a crypto account or\u00a0a third-party service like\u00a0<strong>Robinhood<\/strong>\u00a0(NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/HOOD#NASDAQ\">HOOD<\/a>).<\/p>\n<p>Crypto firms and fintechs commonly use these aggregators to access customer accounts held at major financial institutions such as JPMorgan Chase.<\/p>\n<p><em>Check out the current price of\u00a0<a href=\"https:\/\/benzinga.com\/quote\/JPM\" target=\"_blank\" rel=\"noreferrer noopener\">JPM stock here<\/a>.<\/em><\/p>\n<p>Anonymous industry executives have expressed concerns that this could make it financially unfeasible\u00a0for many consumers to use\u00a0stablecoins and crypto. They fear that the fees could \u201ccripple the crypto industry,\u201d reported Fortune. <\/p>\n<p>&#8220;This would put everyone out of business\u2026It would require everyone to raise prices by 1000% &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/25\/07\/46462610\/jpmorgans-plan-to-impose-fees-on-data-aggregators-could-cripple-the-crypto-industry-say-execs-this-would-p\" alt=\"JPMorgan's\" plan to impose fees on data aggregators could the crypto industry say execs: would put everyone out of business>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan Chase &amp; Co.\u2018s\u00a0(NYSE:JPM) plan to introduce fees for transactions involving cryptocurrencies and third-party services could significantly cripple the fintech industry, say experts. What Happened: JPMorgan Chase is considering charging data aggregators, such as\u00a0Plaid\u00a0and\u00a0MX, every time a customer transfers funds from their JPMorgan Chase account\u00a0to a crypto account or\u00a0a third-party service like\u00a0Robinhood\u00a0(NASDAQ:HOOD). Crypto firms and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-37432","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37432"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37432\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}