US Senator Cynthia Lummis is championing open banking as a key pathway to integrate digital assets into the US financial system. She believes it will unlock increased market liquidity and ease onboarding processes for cryptocurrencies like Bitcoin, Ethereum, and DeFi tokens. nderstanding this, Lummis sees open banking essential to maintaining the US’s leading role in financial innovation by fostering faster and more efficient crypto-related transactions. Her advocacy aligns with the CFPB’s proposed rule promoting consumer control over their financial data shared with digital asset platforms. Senator Lummis argues that this move will benefit American consumers, allowing them to utilize their financial information more effectively for quicker, cheaper payments. The potential impact of open banking is being closely observed by sectors in anticipation of increased access to digital asset services and heightened competition.