Tyler Winklevos, co -founder of The Crypto Exchange Gemini, said Jpmorgan Chase stopped his incorporation process for Gemini after criticizing the new bank rates structure for Fintech companies.
Last week, Winklevos publicly criticized the JPMorgan CEO, Jamie Dimon, after Bloomberg reported that the bank would begin to collect Fintech platforms for access to customer bank data. Many of these platforms serve as bridges between traditional banks and cryptographic services.
“This breaks the Fintech that will help him link his bank accounts to cryptographic companies,” Winklevos published in X. “This is the type of atrocious regulatory capture that kills innovation, harms the US consumer and is bad for the United States.”
JPMorgan did not directly approach Gemini, but defended his decision, telling Forbes that almost 2 billion monthly requests for user data come from third parties, most of them are not linked to the real activity of the client.
When charging rates, the bank says it aims to stop misuse and protect consumers. In a tracking tweet, Winklevos said the bank told Gemini that he was stopping to address the exchange again.
JPMorgan had out of the edge of Gemini during the so -called Operation 2.0 point, a period during which many cryptographic companies lost bank access under regulatory scrutiny.
“We will continue to call this anti -competitive behavior and rents search and immoral attempt at bankruptcy to Fintech and cryptography companies,” Winklevos wrote.
Gemini, which was presented confidentially for an OPI earlier this month, has been offering a growing number of services that recently began to include tokenized actions.
