Winklevoss Accuses JPMorgan of Halting Gemini Onboarding After Fee Criticism

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2025-07-26 16:34:02

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Tyler Winklevoss, co-founder of Gemini, alleges JPMorgan Chase paused the exchange's re-onboarding process following his public critique of the bank's new data access fees for fintech firms. The fees, which JPMorgan claims are designed to curb misuse of customer data, could disproportionately affect platforms bridging traditional banking and crypto services.

Winklevoss framed the MOVE as regulatory capture that stifles innovation. JPMorgan had previously offboarded Gemini during a period of heightened scrutiny on crypto firms' banking access. The dispute highlights ongoing tensions between traditional finance and the digital asset industry.

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