PANews reported on July 28 that according to Crypto in America, JPMorgan Chase has suspended the restart of banking services for the crypto exchange Gemini, and the two sides have disagreed over consumer data access rules. Gemini co-founder Tyler Winklevoss previously accused the bank of intending to "stifle fintech and crypto companies" by restricting third-party data interfaces such as Plaid.

The focus of the dispute is that JPMorgan Chase plans to charge fintech companies high data access fees, which directly challenges the "Open Banking Regulations" issued by the U.S. Consumer Financial Protection Bureau (CFPB) last year. The regulations protect consumers' rights to safely share bank data through tools such as crypto wallets, but are now blocked due to class action lawsuits by banks and opposition from the Trump administration. Banks say data aggregators are at risk of over-collection, while critics believe this is an excuse for traditional financial institutions to maintain their monopoly.