Winklevoss: JPMorgan Trying to Kill Crypto Companies
2025-07-20 08:46:14
Main Idea
Gemini co-founder Tyler Winklevoss accuses JPMorgan of attempting to 'kill' cryptocurrency companies by restricting access to banking services, which he claims is harmful to the industry and consumers.
Key Points
1. Tyler Winklevoss alleges that JPMorgan is trying to 'kill' crypto companies by limiting their access to banking services.
2. Gemini and other exchanges rely on third-party platforms like Plaid for funding user accounts, which may be affected by JPMorgan's actions.
3. Winklevoss criticizes the 'Open Banking Rule,' claiming it enables regulatory overreach and harms consumers and the crypto industry.
4. He describes JPMorgan's actions as 'egregious regulatory capture,' arguing they are detrimental to innovation and the American economy.
Description
Gemini co-founder Tyler Winklevoss claims that the banking industry is trying to "kill" fintech and crypto by fighting against a rule that mandates sharing data with third parties
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