Winklevoss Accuses JPMorgan of Retaliatory Onboarding Freeze After Crypto Criticism

Tyler Winklevoss, co-founder of Gemini, has publicly accused JPMorgan of halting the exchange's onboarding process in retaliation for his criticism of the bank's new fee structure for fintech data access. The conflict escalated on July 19 when Winklevoss tagged CEO Jamie Dimon in an X post, vowing to continue fighting what he called 'anti-competitive, rent-seeking behavior.'

This marks the second major clash between the institutions. JPMorgan previously dropped Gemini as a client years prior, citing profitability concerns - a move that predates the TRUMP administration's crypto-friendly policies. The Winklevoss twins have since emerged as vocal supporters of former President Trump's pro-crypto stance.

The current dispute centers on JPMorgan's new policy of charging fintechs for API access to customer banking data. Winklevoss argues this creates an existential threat for crypto platforms that rely on seamless bank integrations, potentially destabilizing an entire sector of financial innovation.