U.S. Senator Cynthia Lummis has voiced her support for maintaining open banking rules, highlighting their critical role in the digital asset ecosystem. In a letter to the Consumer Financial Protection Bureau (CFPB), Lummis emphasized that these rules empower consumers to control their financial data and facilitate secure sharing with fintech firms and digital asset exchanges. She cautioned that without these regulations, major banks might limit access to digital asset platforms, potentially stifling financial innovation. Lummis argued that preserving these rules is essential to safeguarding the innovation space and maintaining the United States' leadership in fintech. She warned that any hindrance to innovation could undermine the country's competitive edge in the rapidly evolving financial technology sector.