The tension between crypto exchange Gemini and banking giant JPMorgan Chase has taken a fresh turn. Tyler Winklevoss, co-founder of the platform, says the bank suddenly froze efforts to restart their business relationship.
The reason? His strong public criticism of JPMorgan’s push to charge fintech firms for access to customer banking data.
This JP Morgan Gemini fallout isn’t just a private disagreement. It reflects a larger fight over open banking, consumer rights, and the future of crypto in the United States.
Tyler Winklevoss took to social media on July 25 to share that JPMorgan paused platform’s re-onboarding process. The move reportedly came just days after he criticized the bank’s attempts to weaken a key rule that supports free access to banking data.
11 months ago
Good