Tyler Winklevoss claims JPMorgan blocked Gemini over public criticism

Key Points

1. Tyler Winklevoss claims JPMorgan paused Gemini's onboarding after he criticized the bank's new data access policy, which he argued would 'bankrupt fintechs' facilitating crypto.

2. Winklevoss accused JPMorgan of attempting to restrict consumers' free access to banking data through third-party fintech platforms like Plaid, calling it 'anti-competitive, rent-seeking behavior'.

3. Gemini's relationship with JPMorgan has been rocky, with the bank reportedly off-boarding Gemini during 'Operation ChokePoint 2.0' under the Biden administration, though Gemini denied the rumors at the time.

4. The Winklevoss twins have aligned themselves politically with Trump, and Gemini recently filed for an IPO with the SEC, following a $400 million fundraise in 2021 at a $7.1 billion valuation.