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JPMorgan Halts Gemini Onboarding After Winklevoss’ Public Criticism
JPMorgan Halts Gemini Onboarding After Winklevoss’ Public Criticism
22
1
BTCCSquare news:
Gemini co-founder Tyler Winklevoss alleges JPMorgan Chase paused the crypto exchange's re-onboarding process following his public critique of the bank's new financial data access policy. The dispute centers on what Winklevoss describes as anti-competitive behavior aimed at restricting consumer access to crypto markets through third-party apps.
The conflict emerged after Bloomberg reported JPMorgan's plan to charge fintech firms for customer banking data access. Winklevoss condemned the MOVE as a rent-seeking tactic that could cripple fintech and crypto companies. This development surfaces as Gemini prepares for a potential IPO, highlighting ongoing tensions between traditional finance and the digital asset sector.
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