Co -founder of Gemini, Tyler Winklevoss, accused JPMorgan Chase of stopping the process of implementing cryptocurrencies in response to his public criticism of the novel principle of access to the bank’s data.
On Friday post At X Winklevoss, he stated that JPMorgan took revenge after causing a novel movement of the bank giant as anti -competitive behavior that could harm fintech and cryptographic companies.
“My tweet from last week hit the nerves. This week, JPMorgan told us that for this reason they stopped the twins’ conditioning again as a client after they led us during the ChokePoint 2.0 Chokeint surgery,” the head of Gemini wrote.
The dispute results from the last Bloomberg report, which revealed the decision of JPMorgan on the burden of financial technology companies for access to clients’ banking data – Movement, as he claimed that Winkless “went bankrupt Finechs”, which facilitate cryptocurrency purchases.
Related: Analysts say that Trump’s presidency means “turning point” in the policy of cryptocurrency in the USA
Winklevoss says that JPMorgan is trying to limit access to fintech
Winklevoss accused JPMorgan of an attempt to limit free consumer access to their banking data via fintech platforms such as Plaid. Plaid is an external service that helps combine financial accounts with various applications and services online.
“Sorry, Jamie Dimon, we will not be silent. We will continue to call this anti -competitive, looking for rent and immoral attempts to bankrupt fintech and cryptographic companies. We will never stop fighting for what is right!”
Gemini’s reports from JPmorgan have been rocky for years. In 2023, under the Biden administration, the bank reportedly asked the stock exchange to find another bank partner, citing concerns about profitability.
However, Gemini denied rumors. At that time, the exchange said that “despite reporting to the opposite, Gemini’s banking relations remain intact with JPMorgan.”
Cointelegraph contacted both Gemini and JPMorgan to get a comment, but did not receive an answer by the publication.
Related: Twins to launch cryptographic derivatives in Europe with a novel license
Twin Winklevoss adapts to Trump
Tyler and Cameron Winklevoss adapted politically with Trump, contributing to his previous campaign and participating in several events in the White House. The duo even had donations for the Trump election campaign in 2024, after the return of the Bitcoins donation, they exceeded the maximum amount allowed in accordance with federal law.
Last month, Gemini also submitted an application for an initial public offer (IPO) at the American Securities and Stock Exchange Commission (SEC). The number of shares to be offered and the range of prices per share has not been set.
The twins were founded in 2014 by Twins Cameron and Tyler Winklevoss. In November 2021 announced Collecting funds in the amount of $ 400 million with a valuation of $ 7.1 billion.
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