JPMorgan’s New Data Fees Could Impact Gemini and Crypto Firms Amid Regulatory Changes
The post JPMorgan’s New Data Fees Could Impact Gemini and Crypto Firms Amid Regulatory Changes appeared on BitcoinEthereumNews.com. JPMorgan’s new fees on fintech data access threaten to stifle crypto innovation and consumer rights, warns Gemini co-founder Tyler Winklevoss, calling it an anti-competitive move against fintech and crypto firms. The Consumer Financial Protection Bureau’s Open Banking Rule currently protects free data access, but its repeal could empower banks to impose costly fees. Tyler Winklevoss labels JPMorgan’s strategy as regulatory capture aimed at limiting competition and innovation in fintech and crypto sectors. ‘, ‘
The post JPMorgan’s New Data Fees Could Impact Gemini and Crypto Firms Amid Regulatory Changes appeared on BitcoinEthereumNews.com.
JPMorgan’s new fees on fintech data access threaten to stifle crypto innovation and consumer rights, warns Gemini co-founder Tyler Winklevoss, calling it an anti-competitive move against fintech and crypto firms. The Consumer Financial Protection Bureau’s Open Banking Rule currently protects free data access, but its repeal could empower banks to impose costly fees. Tyler Winklevoss labels JPMorgan’s strategy as regulatory capture aimed at limiting competition and innovation in fintech and crypto sectors. ‘, ‘
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