Gemini Co- Founder Tyler Winklevoss Says JPMorgan Split with Gemini was Due to His Public Criticism

Gemini co-founder Tyler Winklevoss now says JPMorgan stopped working with his crypto exchange Gemini after he publicly criticized the bank. 

Gemini Co- Founder Blames JPMorgan Fallout on His Public Remarks

Winklevoss Gemini co-founder now claims that JPMorgan paused Gemini’s onboarding process after he spoke out against JPMorgan’s new fees on fintechs.

In a series of posts on X, Gemini CEO Tyler Winklevoss criticized JPMorgan’s plan to charge fintech companies for access to customer bank data. He called the move “anti-competitive” and warned it could hurt crypto platforms like Gemini and Coinbase by making it harder and more expensive for users to link their bank accounts.

He criticised JPMorgan’s attempt to restrict consumers’ free access to their banking through third-party platforms like Plaid, which is a third-party service that helps link financial accounts to a variety of apps and online services.

Gemini’s relationship with JPMorgan has been unstable, with rumours that the bank asked the exchange to find another banking partner, citing profitability concerns. However, Gemini denied these rumours and noted that their banking relationship remains intact.

Winklevoss Backs Trump Amid Gemini IPO Plans

Meanwhile, Tyler and Cameron Winklevoss have publicly supported Donald Trump, contributing to his past campaign and attending several White House events. In 2024, their campaign donations paid in Bitcoin were returned after exceeding the maximum amount allowed under federal law.

Meanwhile, Gemini has filed for an initial Public offering (IPO) with the U.S. Security Exchange Commission (SEC), although the details of the number of shares to be offered and the price range per share are yet to be disclosed.