Gemini, the exchange founded by the Winklevoss twins, has criticized traditional banks like JPMorgan Chase as "dinosaurs," accusing them of attempting to stifle cryptocurrency companies through "debanking" actions. The exchange specifically mentioned JPMorgan Chase's past refusal to allow it to re-onboard, calling it so-called "debanking 2.0." Although JPMorgan Chase denies targeting cryptocurrency companies and attributes the issue to concerns over data collection, it also faces similar allegations from other industry insiders, including Eric Trump. Despite CEO Jamie Dimon's criticism of cryptocurrency, JPMorgan Chase is reportedly planning to launch cryptocurrency trading services for institutional clients.

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