Gemini’s co-founder Tyler Winklevoss has accused JPMorgan Chase to stop the crypto exchange onboarding process in response to his public criticism of the new bank’s data access policy.
On a Friday Post In X, Winklevoss claimed that JPMorgan retaliated after he called the newly transfer of banking giant as anti-competitive behaviors that could harm finishes and crypto firms.
“My tweet since last week hit a nervousness. This week, JPMorgan told us that they had stopped their reorganization of Gemini as a customer after they boarded us during the Operation Chokepoint 2.0,” wrote Gemini’s boss.
The dispute came from a recent Bloomberg report that announced JPMorgan’s decision to charge financial technology companies for accessing customer bank data – one step that Winklevoss had argued was to “locked the fintechs” that facilitated crypto purchases.
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Winklevoss said JPMorgan is trying to limit FinTech access
Winklevoss accused JPMorgan for attempting to tighten consumer free access to their banking data through third-party fintech platforms such as Plaid. Plaid is a third-party service that helps link financial accounts to various apps and online services.
“Sorry Jamie Dimon, we will not be quiet. We will continue to call anti-competitive, renting behavior and immoral attempts to draw FinTech and Crypto companies. We will not stop fighting what is right!”
Gemini’s relationship with JPMorgan has been rocky for many years. In 2023, under the Biden administration, the bank reported that the exchange was asked to find another banking partner, citing profitability concerns.
However, Gemini Rumors rejected. At this time, the exchange says that “Despite reporting on the contrary, Gemini’s banking relationship remains intact with JPMorgan.”
Cointelegraph reached out to both Gemini and JPMorgan to comment but did not receive a response through publication.
Related: Gemini to launch crypto derivatives in Europe with a new license
The winklevoss twins are in line with themselves with Trump
Tyler and Cameron Winklevoss aligned themselves politically with Trump, who contributed to his previous campaign and attended some events at the White House. The duo has yet to Donations on Trump’s election campaign in 2024 returned After their donations to Bitcoin exceed the maximum amount allowed under the federal law.
Last month, Gemini too That -FILE for an initial public offer (IPO) with the US Securities and Exchange Commission (SEC). The number of shares offered and the price range per part has not been determined.
Gemini was founded in 2014 by Twins Cameron and Tyler Winklevoss. In November 2021, it announced a fund of $ 400 million in an appreciation of $ 7.1 billion.
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