Crypto and fintech groups urge Trump administration to defend CFPB's open banking rule

October 21, 2025

Cryptocurrency and fintech advocacy groups are pressing the Trump administration to back a contentious open banking rule that holds sway over consumers' ability to share their financial data. The Blockchain Association, Crypto Council for Innovation, and the Financial Technology Association, among others, warned that consumer financial data rights are "under attack," while criticizing banks' pushback, in a letter sent Tuesday to the Consumer Financial Protection Bureau.

Read The Full Article Here