Tyler Winklevoss Urges President Donald Trump to Support Open Banking

Over 80 crypto-related businesses jointly urge President Trump to block anti-competitive practices by major banks. JPMorgan is set to implement a fee of $300 million per year in September for emerging businesses to access customers’ data. Market analysts have argued that traditional banks have found a new way to reintroduce Operation Chockpoint 2.0. Gemini co-founder Tyler Winklevoss has signed a letter by the Financial Technology Association (FTA) urging President Donald Trump to support open banking. Winklevoss joined more than 80 Chief Executive Officers (CEOs) in signing the letter as major banks, led by JPMorgan Chase & Co. (NYSE: JPM), plan to implement anti-competitive measures in September 2025. According to Winklevoss , banks should not be able to trap customers’ funds and data, since it is a basic human right. Consequently, the pro-innovation leaders urged President Trump to use executive powers to block the intended move, which may reintroduce chokepoint 2.0. “We urge you to use the full power of your office and the broader Administration to prevent the largest institutions from raising new barriers to financial freedom. This is fundamentally… The post Tyler Winklevoss Urges President Donald Trump to Support Open Banking appeared first on Coin Edition .

Source: Coin Edition