Tyler Winklevoss, co-founder of the cryptocurrency exchange Gemini, has accused JPMorgan Chase of pausing the onboarding process for Gemini in retaliation for his public critique of the bank’s data access fees. He described JPMorgan's actions as anti-competitive in light of their newly introduced fees for fintech firms seeking access to customer bank data. In a social media post, Winklevoss mentioned that his previous criticism had prompted JPMorgan to halt their re-onboarding efforts, following a history of strained relations. This relationship was earlier marked by JPMorgan asking Gemini to seek alternative banking partners due to profitability concerns. Winklevoss warned that the bank's new policy could be detrimental to the fintech and crypto sectors, potentially leading to significant financial strain for these companies. Despite this situation, Winklevoss promised continued advocacy against such practices, asserting the need for fair access to banking data for consumers through third-party platforms.

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