JPMorgan’s Secret Plan to Silence Crypto Titans! 🐉💸

Oh, how the mighty JPMorgan Chase & Co. have fallen—now accused of pausing the onboarding process of the crypto exchange Gemini, all because its CEO, Tyler Winklevoss, dared to critique the bank’s operations. A tale as old as time: the financial equivalent of a dragon with a spreadsheet, suddenly terrified of a few well-placed tweets.

JPMorgan Aims To Silence Us: Winklevoss

In an X post on July 19, Tyler Winklevoss unleashed a tirade against JPMorgan and its CEO, James Dimon, after Bloomberg reported the bank’s plan to charge companies for access to customer data. The Gemini boss claimed these fees would bankrupt fintechs, which are basically the crypto world’s version of a magical portal to your bank account. 🧙‍♂️💸

Winklevoss explained that the “Open Banking Rule” under Section 1033 of the Consumer Financial Protection Act still grants users the right to freely access their banking info through third parties. He’s basically saying, “Hey, JPMorgan, you’re violating the law like a toddler with a hammer!”

One week later, in a new post on July 25, Winklevoss claimed JPMorgan halted Gemini’s onboarding process. This comes after the bank reportedly offboarded the crypto exchange during Operation Chokepoint 2.0, which sounds like a government operation to ban ice cream for the greater good. 🍦🚫

The Gemini co-founder said:

My tweet from last week struck a nerve. This week, JPMorgan told us that because of it they were pausing their re-onboarding of @Gemini as a customer after they off-boarded us during Operation ChokePoint 2.0. They want us to stay silent while they quietly try to take away your right to access YOUR banking data for free through third-party fintechs like @Plaid.

However, according to Bloomberg, JPMorgan claims the new fee policy is targeted at ensuring data requests are strictly customer-related. Because nothing says “customer service” like charging for access to your own data. 🤡

The American bank explains:

We receive nearly two billion monthly requests for customer data from middlemen, and more than 90 percent of those are unrelated to a consumer using fintech services. Having a charging structure will ensure that data is provided only when customers request it, and that data middlemen are fostering a safe, secure data ecosystem that system we built and maintain—and that their entire industry was built upon.”

Following this development, crypto enthusiasts now continue to await further updates on the case, especially considering US President Donald Trump’s focus on building a pro-crypto business environment. Because nothing says “pro-crypto” like a man who once called Bitcoin a “fraud” and then tried to monetize it. 🤯

Crypto Market Overview

At the time of writing, the total crypto market cap remains valued at $3.84 trillion following a 1.78% gain in the past 24 hours. A rise so steep, it’s like a dragon trying to fly but only managing a wobbly hop. 🐉

2025-07-27 10:44

JPMorgan Aims To Silence Us: Winklevoss

Crypto Market Overview

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