Winklevoss Drops a Bomb on JPMorgan’s Crypto Data Fees—Is This the Quiet War That Could Destroy Your Investments?
Among the most vocal critics is Gemini co-founder Tyler Winklevoss, who sees the move as a direct attack on innovation and a calculated effort to stifle competition.
“JPMorgan and the banksters are trying to kill fintech and crypto companies.”
Source: X
The Consumer Financial Protection Bureau’s “Open Banking Rule” currently protects consumers’ rights to access their financial data for free through third-party apps.
But if it gets repealed, it’ll open the door for banks like JPMorgan to put hefty fees on this access, which is essential for consumers and data aggregators (like Plaid) alike.
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