Winklevoss slams JPMorgan’s data fees, says ‘They’re trying to kill crypto!’

Key Points

1. Tyler Winklevoss, co-founder of Gemini, accuses JPMorgan of trying to 'kill crypto' and fintech with new fees, calling it an attack on consumer rights and innovation.

2. JPMorgan's new fees could negatively impact platforms like Plaid that connect banks to crypto apps such as Gemini, Coinbase, and Kraken.

3. Critics, including Winklevoss, argue that JPMorgan's actions represent regulatory capture, where large banks influence rules to limit competition.

4. Winklevoss suggests that Gemini's recent offboarding from JPMorgan may be retaliation for his criticism of the bank's policies.

5. Despite its opposition to fintech data access, JPMorgan has invested in blockchain and crypto holdings, indicating a nuanced stance on the industry.