Tyler Winklevoss Claims JPMorgan Cut Ties with Gemini Over Data Policy Criticism

Highlights:

• Tyler Winklevoss claims JPMorgan halted Gemini’s onboarding following his public criticism.
• He says the bank is trying to quietly remove free access to user banking data.
• Tyler believes the move is a form of retaliation meant to silence fintech voices.

Tyler Winklevoss, co-founder of Gemini, says JPMorgan cut ties with his crypto firm after he spoke out against the bank’s new policy on social media. The policy would make fintech firms pay to access users’ banking data. Tyler described this as anti-competitive and damaging to crypto platforms like Gemini.

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… https://t.co/c9Ls7QpAmT

— Tyler Winklevoss (@tyler) July 25, 2025

Tyler Criticizes JPMorgan’s Data Policy

On July 19, Tyler Winklevoss made a post that he said “struck a nerve.” In it, he accused big banks of opposing a rule from the US Consumer Financial Protection Bureau (CFPB). The rule falls under Section 1033 of the Consumer Financial Protection Act and is still being rolled out. The rule would give consumers the right to let third parties access their banking data for free. Services like Plaid would be used for this access. Plaid is a tool that many Americans use to connect their bank accounts to crypto platforms such as Gemini, Coinbase, and Kraken.

Tyler claimed that JPMorgan and other major banks want to remove these free data connections. He said they plan to replace them with high fees. He warned that such a change would bankrupt fintech companies and block the path that allows everyday users to buy crypto using dollars.

JPMorgan and the banksters are trying to kill fintech and crypto companies. They want to take away your right to access your banking data for FREE via-third party apps like @Plaid and instead charge you and fintechs exorbitant fees to access YOUR DATA. This will bankrupt fintechs… pic.twitter.com/LpDVGXVrKq

— Tyler Winklevoss (@tyler) July 20, 2025

Gemini Alleges Retaliation Over Public Post

Tyler Winklevoss tweeted that the bank is quietly removing free data access and wants silence. He believes this is being done quietly, so no one notices the change. He described the move as anti-competitive and greedy. Tyler also made it clear that they will continue to speak out and call attention to this behavior.

He shared that JPMorgan had recently started the process of re-onboarding Gemini as a customer after previously cutting ties during the period he referred to as “Operation ChokePoint 2.0.” However, he stated that the bank stopped the process immediately after he shared his critical post. Tyler believes this action is direct retaliation for his comments about the policy. So far, JPMorgan has not made any public statement in response to his claims.

Gemini co-founder expressed his frustration on X and tagged JPMorgan CEO Jamie Dimon. He made it clear that he would not remain silent about the issue. “Sorry Jamie Dimon, we’re not going to stay silent. We will continue to call out this anti-competitive, rent-seeking behavior and immoral attempt to bankrupt fintech and crypto companies. We will never stop fighting for what is right!” he wrote.

Winklevoss Twins Continue Crypto Advocacy

Tyler’s criticism of JPMorgan and support for open banking come as he and his brother Cameron continue to push for broader crypto adoption in the U.S. The two have previously aligned themselves with Donald Trump, donating to his past campaigns and attending several White House events. Their Bitcoin donations for Trump’s 2024 campaign were even returned after exceeding the federal legal limit.