# Winklevoss Claims JPMorgan Halted Gemini Onboarding After Data Access Fees Criticism
July 28, 2025 — Crypto News
Gemini co-founder Cameron Winklevoss has accused U.S. banking giant JPMorgan Chase of abruptly halting the crypto exchange’s onboarding process in retaliation for public criticism over data access fees.
In a recent post on X (formerly Twitter), Winklevoss alleged that JPMorgan suspended Gemini’s integration after the exchange questioned the “exorbitant” fees banks charge for customer data access through third-party financial apps. Winklevoss stated, “We criticized the banking cartel’s grip on user data, and now we’re being punished for speaking the truth.”
The dispute centers around the controversial data access fees charged by traditional banks when fintechs or crypto platforms request customer data, often via APIs or aggregators. Winklevoss argues that these fees hinder innovation and are a form of anti-competitive behavior.
JPMorgan has not publicly responded to the allegations. However, insiders familiar with the matter suggest the decision was based on “standard compliance reviews,” not retaliation.
The situation has reignited the broader "bank vs. crypto" debate, with some in the industry viewing this as another example of Wall Street institutions gatekeeping access to the financial ecosystem, especially when disrupted by blockchain-based challengers.
Gemini is reportedly seeking alternative banking partners and has vowed to continue advocating for open and fair access to financial data. #CryptoNews🚀🔥