Winklevoss Accuses JP Morgan of Anti-Crypto Agenda in Gemini Onboarding Dispute

Tyler Winklevoss, co-founder of Gemini, has publicly criticized JP Morgan for allegedly halting the exchange's re-onboarding process following his comments on the bank's data access policies. The conflict centers on control of financial data, with Winklevoss framing JP Morgan's actions as part of a broader effort to stifle crypto innovation.

Winklevoss argues that banks are creating pay-to-play barriers for fintechs, potentially sidelining smaller players. He cites upcoming open banking rules as a consumer right to data freedom, accusing JP Morgan of resisting these regulations to maintain its gatekeeper role in financial infrastructure.

JP Morgan has remained silent on the allegations, though the institution has historically defended fees for data access. The standoff highlights growing tension between traditional finance and crypto firms over control of payment rails and customer data flows.