Wall Street fears innovation it can’t control — open banking empowers, they seek silence.🤫

Tyler Winklevoss, co-founder of Gemini, accused JPMorgan and other major banks of trying to undermine financial innovation by targeting consumer rights regarding data access. In a June 19 post on X, Winklevoss warned that Wall Street institutions are actively working to dismantle the Consumer Financial Protection Bureau’s “Open Banking Rule.”

JPMorgan Accused of Undermining Open Banking and Cryptocurrency Access