U.S. Senator Lummis supports open banking rules, emphasizing the importance of digital assets.

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[US Senator Lummis Supports Open Banking Rules, Emphasizes the Importance of Digital Assets] US Senator Cynthia Lummis supports open banking rules and emphasizes the importance of digital assets. She wrote to the CFPB, calling for the rules to remain unchanged. The rules allow consumers to own their financial data and safely share it with fintech companies, digital asset exchanges, and third-party services. Lummis warns that without clear rules, large banks may restrict access to digital asset platforms and other innovative Financial Services, thus the rules help safeguard innovation space. Lummis also pointed out that hindering innovation would weaken the US's fintech leadership.

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