JPMorgan Accused of Imposing Steep Fees to Stifle Crypto Innovation
JPMorgan Chase & Co. is facing allegations of employing “hidden de-banking tactics” to deter crypto advocates and stifle innovation in the digital asset sector. The claims, reported by Bitcoin.com on July 18, 2025, center on accusations from a co-founder of Gemini Trust Co., a leading crypto exchange, that the bank and other financial institutions are imposing “steep fees” on fintech platforms that facilitate access to banking data [1]. Critics argue these fees create barriers for smaller crypto-focused firms, limiting their ability to compete and innovate in the space. The practice is described as part of a broader resistance by traditional banks to the rise of decentralized finance (DeFi) and blockchain technology.
The…
