Gemini co-founder Tyler Winklevoss says that the banking giant JPMorgan is attempting to sabotage fintech and crypto firms.
In a post on the social media platform X, the billionaire says that JPMorgan retaliated to a tweet he made last week, saying that the financial services titan was seeking to bankrupt fintech and crypto firms by charging them fees to access their customers’ account information.
According to Winklevoss, JPMorgan reached out to say that the bank would be pausing its re-onboarding of Gemini, which was dropped as a JPMorgan customer during the Biden Administration’s crackdown on crypto.
“My tweet from last week struck a nerve. This week, JPMorgan told us that because of it, they were pausing their re-onboarding of Gemini as a customer after they off-boarded us during Operation ChokePoint 2.0.
They want us to stay silent while they quietly try to take away your right to access YOUR banking data for free through third-party fintechs like Plaid.
Sorry Jamie Dimon, we’re not going to stay silent. We will continue to call out this anti-competitive, rent-seeking behavior and immoral attempt to bankrupt fintech and crypto companies. We will never stop fighting for what is right!”
Previously, Winklevoss accused JPMorgan chief executive Jamie Dimon of sabotaging President Donald Trump’s attempts to push crypto by enacting these fees.
“JPMorgan and the banksters are trying to kill fintech and crypto companies. They want to take away your right to access your banking data for FREE via-third party apps like Plaid and instead charge you and fintechs exorbitant fees to access YOUR DATA.
This will bankrupt fintechs that help you link your bank accounts to crypto companies like Gemini, Coinbase, and Kraken so you can easily fund your account with fiat to buy Bitcoin and crypto…
Jamie Dimon and his cronies are trying to undercut President Trump’s mandate to make America the pro-innovation and the crypto capital of the world. We must fight back!
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