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Recently, Tyler Winklevoss, co-founder of the crypto assets exchange Gemini, revealed a concerning piece of news on social media. According to him, JPMorgan Chase has suspended the account opening services for Gemini. This decision appears to be a direct response to Winklevoss's public criticism of the bank for charging high fees to fintech companies last week.
It is worth noting that this is not the first time JPMorgan has taken similar actions against Gemini. Previously, the bank had closed Gemini's accounts during the so-called 'Operation Choke Point 2.0'.
Winklevoss further pointed out in his statement that JPMorgan's move may be aimed at suppressing criticism while secretly undermining users' right to freely access their bank data. He stated that in the face of what he considers anti-competitive and rent-seeking behavior, Gemini will continue to speak out against it.
This event has once again sparked discussions about the complex relationship between financial giants and emerging Crypto Assets companies. It involves not only commercial competition but also touches on broader issues such as freedom of speech and user data rights. As the situation develops, the industry will closely monitor the potential far-reaching impacts of this dispute.