Open Banking Will Keep America At The Forefront Of Financial Innovation

Opinion by: Senator Cynthia Lummis 

When people think of digital assets and financial innovation, they often picture Silicon Valley or Wall Street. 

Wyoming, with its vast open spaces, unique economy and remote communities, however, makes a compelling case for why digital assets, fintech and open banking are so important. 

The US Congress passed Section 1033 of the Dodd-Frank Act in 2010, requiring the Consumer Financial Protection Bureau (CFPB) to ensure consumers could access and own their own financial data. 

The open banking section of this law…