Gemini Halts Hiring of MIT Graduates Over Gary Gensler’s Position
Gemini has announced it will stop hiring graduates from the Massachusetts Institute of Technology (MIT) until former SEC Chair Gary Gensler is removed from his teaching position there. CEO Tyler Winklevoss expressed this stance on social media, citing Gensler's influence as detrimental to the crypto industry.
Key points include:
- Gemini's $21 million settlement with the SEC in March 2024 over unregistered securities linked to the Gemini Earn program.
- Gensler returned to MIT as a professor after leaving the SEC on January 20, focusing on topics like AI in finance.
Industry reactions vary:
- Erik Voorhees supports the boycott of MIT graduates.
- Preston Byrne views the decision as excessive but remains open to hiring law graduates from MIT.
- Sergey Gorbunov and Jiasun Li prefer not to penalize all students, suggesting alternatives like avoiding those enrolled in Gensler's classes.
Mark Uyeda now leads the SEC, known for approving spot Bitcoin ETFs in January 2024.