“They are trying to kill Crypto!” star-news.press/wp

Main meals

Tyler Winkelvos, co -founder of Gemini, says the new JPMorgan fees will form encryption, other technical technology companies and consumer rights.

JPMorgan Chase, the largest bank in America, attracts new battle lines in its long dispute with high -tech companies on accessing customer data.

Jimmy Damon for open banking services

Take the opportunity during the possible regulatory decline, the CEO of JPMorgan Jimmy Damon proposed shipping very decline for technical technology companies for customer data.

Critics argue that this step can harm platforms like Plaid that Bridge Banks and encryption applications such as Gemini, Coinbase and KAKEN.

Among the most vocal critics, co -founder of Gemini Tyler Winklevoss, who sees this step as a direct attack on innovation and the calculated effort to strangle the competition.

“Jpmorgan and Bankters are trying to kill Fintech and Crypto companies.”

Source: x

The “Open Banking Base” of the Consumer Protection Office currently protects consumer rights to access their financial data for free through third -party applications.

But if it is canceled, it will open the door for banks like jpmorgan to put huge fees on this arrival, which is necessary for consumers and data collectors (like Plaid) alike.

Of course, Winklevoss condemned the movement of JPMorgan as a clear case of organizational capture and an attack on consumer rights.

Jpmorgan defends himself

However, Jpmorgan defended this step, as the Boswari spokeswoman stated that the new fees aim to reduce the overwhelming size of data requests provided by Fintech companies, which the bank calls directly to the actual consumer activity.

in conversation With Forbes, antiquities male,

“We receive nearly two billion monthly requests for brokers’ customer data, and more than 90 percent of these have nothing to do with a consumer using Fintech services.”

But critics, including winklevoss, called the textbooks to organizational capture – as large banks affect the rules to reduce competition.

Winklevoss Slams Dimon ‘Anti-Crypto Engunda’

While Jpmorgan Claims The new fees are necessary to reduce excessive data requests, critics see it as part of a broader attempt by traditional financing to tighten their grip on the advanced financial ecosystem.

Note on himself, Winklevoss Addand

“Jimmy Damon and his sponsorship is trying to undermine President Trump’s mandate to make America a professional innovation and the coding capital in the world. We must return it!”

He also suggested that the last Gemini of the bank may be revenge for its explicit criticism.

However, he is still firm in his position, as he pledges to continue to retreat from what he sees anti -competition practices.

he I mentionedand

“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.”

Jpmorgan’s Pro-Crypto Move

Interestingly, while fighting high -tech to access data, JPMorgan has taken steps towards the dependence of encryption.

Reports indicate that the bank is planning to issue loans supported by customer holdings, indicating a more complex approach than full opposition.