Winklevoss Fires Back: JPMorgan ’Punished’ Gemini Over Data Fee Criticism—Banking Drama Escalates

JPMorgan slammed the brakes on Gemini's onboarding after the Winklevoss twins called out its controversial data access fees—because nothing says 'open banking' like paywalls and retaliation.

Banking giant plays hardball with crypto

Sources claim JPMorgan abruptly halted Gemini's institutional account approvals following public criticism from Cameron Winklevoss. The move reeks of old-guard finance flexing its muscles—just as regulators push for more crypto-bank collaboration.

Fee fight goes nuclear

The clash exposes Wall Street's love-hate relationship with crypto: embrace the innovation, but only if it pads the bottom line. JPMorgan's alleged retaliation proves traditional finance still holds the keys—for now.

Watch this space: the banking oligopoly won't surrender its gatekeeper role without a fight. But with stablecoins eating their lunch, how long can they keep playing these games?