Jpmorgan faces a violent reaction after stopping the Gemini banking relations star-news.press/wp

Wall Street giant JPMorgan has stopped its efforts to re -establish banking relations with Gemini, one of the largest encryption trading platforms in the United States.

The decision comes amid increasing contact with access to data between major banks and technology companies.

Gemini’s Winklevoss Slams Jpmorgan after a sudden banking reflection

On July 25, Tyler Winklevoss, co -founder of Gemini, revealed that JPMorgan had informed the exchange that he was no longer a follower of plans to reintegrate the platform.

This step is followed outside Gemini early during the period of encryption defenders called “Countopoint 2.0”. At that time, many banks, under organizational pressure, were cut off services for encryption companies, indicating the risks of industry.

However, the last temporary suspension appears to be linked to a different opposition – one centered on the rights of financial data.

Winklevoss was explicit about pushing JPMorgan to charge Fintech companies to access customer bank data. He argues that this effort aims to undermine startups that depend on this access to provide users with smooth financial services.

Last week, Winklevoss has publicly criticized Jpmorgan and other banks to try to impose fees on technologies that connect to bank user accounts through tools like Plaid.

Fintech enables users to access and share their bank data. It also allows customers to transfer money to exchange encryption and relevant platforms.

((Jpmorgan) wants us to remain silent while trying quietly to take away your right to access your banking data for free through third -party technology like, “Winklevoss He said.

According to him, the JPMorgan strategy is an attempt to prevent easy -to -use innovations by locking access to personal financial statements.

Winklevoss suggested that his criticism may have prompted the recent bank’s decision to exchange it.

Despite the setback, the CEO of Gemini stressed that he will not back down.

“Sorry, Jimmy Damon, we will not remain silent. We will continue to call this anti -competition behavior and the search for rent and an unethical attempt to bankrupt technology and encryption companies. We will never stop fighting for what is right,” he said.

JPMorgan’s work has attracted auditing from members of society. Many see it as part of the ongoing struggle between ancient financial infrastructure and the future of open systems.

Lily Liu, president of the Solana Foundation, emphasized her long faith in the elasticity of open systems. She expressed confidence that these systems will ultimately achieve domination of digital space.

“The market” is the base of users ” – although one wants to put it – from humans on the Internet and their assets are greater than any company/country or anonymous alliance for the companies/countries that it can mobilize”, ” I mentioned.