Article Summary

**Crypto and Fintech Groups Challenge Big Banks on Open Banking Regulations** Major cryptocurrency and fintech advocacy organizations are mobilizing against traditional banking institutions in a pivotal battle over open banking access rules. This coalition of US crypto, fintech, and retail groups is pressuring federal regulators to prevent big banks from restricting open banking frameworks that could revolutionize digital finance. The dispute centers on regulatory policies that could significantly impact the cryptocurrency ecosystem, DeFi protocols, and blockchain-based financial services. Open banking rules would enable greater financial data sharing and API access, potentially boosting Bitcoin adoption and cryptocurrency integration into mainstream banking. Big banks are reportedly lobbying to limit open banking access, which could stifle innovation in decentralized finance and cryptocurrency services. The advocacy groups argue that restrictive policies would harm consumer choice and impede the growth of digital assets and blockchain technology. This regulatory showdown could reshape the cryptocurrency market landscape, affecting how digital assets interact with traditional banking systems. The outcome may influence future Bitcoin price movements and broader cryptocurrency adoption rates as the industry pushes for greater financial inclusion and technological advancement.