Winklevoss Drops a Bomb on JPMorgan’s Crypto Data Fees—Is This the Quiet War That Could Destroy Your Investments?
Key Takeaway
Tyler Winklevoss, co-founder of Gemini, says JPMorgan’s new fees will cripple crypto and other fintech firms and betray consumer rights.
JPMorgan Chase, America’s largest bank, is drawing fresh battle lines in its long-standing feud with fintech firms over access to customer data.
Jamie Dimon vs. open banking
Seizing the opportunity during a potential regulatory rollback, JPMorgan CEO Jamie Dimon proposed charging steep fees to fintech firms for customer data.
This move, critics argue, could harm platforms like Plaid that bridge banks and crypto apps such as Gemini, Coinbase, and Kraken.
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