Fintech and cryptocurrency advocacy groups have intensified pressure on President Donald Trump to defend open banking rules, as major banks challenge the regulations through legal action and financial barriers. A coalition representing the crypto, fintech, retail, and restaurant industries sent a July 23 letter urging the Trump administration to intervene in a lawsuit led by the nation’s largest banks, which argue the rules pose security risks and unfairly burden traditional financial institutions [1]. The letter, signed by groups including the Blockchain Association and the Financial Technology Association, emphasizes that financial data ownership should rest with consumers, not banks, framing the issue as a core American value tied…