JPMorgan halted Gemini onboarding due to criticism, Winklevoss says

Tyler Winklevoss, co-founder of crypto exchange Gemini, said on X that JPMorgan paused the firm’s onboarding process, claiming the move was a response to his earlier criticism of the bank. He had recently spoken out against JPMorgan’s decision, reported by Bloomberg, to begin charging fintech companies for access to customer bank account data. Winklevoss also claimed that Gemini had been off-boarded during Operation ChokePoint 2.0, a term used to describe an alleged initiative by the previous U.S. administration to limit banking access for crypto companies. He stated that he would continue speaking out, describing JPMorgan’s actions as anti-competitive and aimed at weakening the fintech and crypto sectors.