Tyler Winklevoss, co-founder of the Crypto Exchange Gemini, said that Jpmorgan Chase had interrupted its integration process for Gemini after criticizing the new bank’s expense structure for tingling companies.
Last week Winklevoss publicly criticized JPMorgan CEO Jamie Dimon, after Bloomberg said that the Bank is starting to charge for fintech platforms to access customer bank data. Many of these platforms serve as bridges between traditional banks and cryptography services.
“This will go bankrupt the Fintechs which help you to link your bank accounts to crypto companies,” published Winklevoss on X. “It is the kind of flagrant regulatory capture that kills innovation, hurts the American consumer and is bad for America.”
JPMorgan did not directly address Gemini but defended his decision, indicating to Forbes that nearly 2 billion user data requests come from third parties, most were not linked to actual customer activity.
By invoicing costs, the bank says it aims to limit abuse and protect consumers. In a follow -up tweet, Winklevoss said that the bank told Gemini that she stopped gathering the exchange.
JPMorgan previously had out-to-see Gemini during the so-called Choke Point 2.0 operation, a period during which many cryptographic companies lost bank access under regulatory control.
“We will continue to call this anti -competitive behavior and in search of rent and an immoral attempt to go bankrupt fintech and crypto societies,” wrote Winklevoss.
Gemini, who confidentially filed an IPO earlier this month, has offered an increasing number of services that recently started to include Tokenized shares.
