Crypto Joins the Fight Over Financial Data Sharing

Also, Fincen will rework rule on investment adviser AML requirements; Botic named acting PCAOB chairman; Fed offers video tour of headquarters construction; House bill proposes SEC budget cut

In the battle over financial data sharing, big banks like JPMorgan Chase have been beating fintech firms pretty handily in recent months – most notably when the Trump CFPB took the lenders’ side in asking a court to overturn the bureau’s open banking rule.

The politics on the issue, however, are suddenly shifting thanks to an influential, ascendant lobby…