Key Points:
- Tyler Winklevoss accuses JPMorgan of on-boarding pause post-criticism.
- Impact on crypto banking access and potential fintech hurdles.
- No measurable market impact reported by Gemini currently.
Tyler Winklevoss accused JPMorgan of pausing Gemini’s re-onboarding after criticizing the bank’s stance on open banking, highlighting tensions in the U.S. financial sector on July 25, 2025.
The incident underscores the ongoing struggle between traditional banks and fintech firms, raising concerns about market fairness and the future of open banking regulations in the crypto industry.
Nut Graph: Winklevoss publicly criticized banks for opposing the Consumer Financial Protection Bureau’s Open Banking Rule, specifically mentioning JPMorgan. This follow-up action by the bank allegedly retaliates against him for these comments, as per Winklevoss’s claims.
Strained Relationships Between Finance and Crypto
Tyler Winklevoss, Co-founder, Gemini, “My tweet from last week struck a nerve. This week, JPMorgan told us that because of it they were pausing their re-onboarding of @Gemini as a customer after they off-boarded us during Operation ChokePoint 2.0.”
