Gemini Implements Hiring Freeze for MIT Graduates Amid Gensler’s Return
Gemini co-founder Tyler Winklevoss has implemented a hiring freeze for MIT graduates and interns due to former SEC Chair Gary Gensler's return to MIT as a professor. Gemini will not hire MIT alumni while Gensler is affiliated with the institution, highlighting tensions between the crypto sector and regulators.
Key points:
- Gensler resumes teaching at MIT Sloan School of Management.
- Winklevoss stated Gemini refuses any association with Gensler.
- Cameron Winklevoss supports calls for an industry-wide boycott of MIT graduates.
- Erik Voorhees urges crypto firms to adopt similar hiring bans.
- The Winklevoss twins advocate for pro-crypto policies and have politically supported candidates favoring digital assets.
- Caitlin Long and Matt Huang initiated discussions among MIT alumni regarding Gensler's return.
- Coinbase CLO Paul Grewal indicates growing traction in the debate.
- Some argue against politicizing Gensler’s academic role, citing his previous insightful lectures.
- Gemini faces its own regulatory challenges, including a recent $5 million settlement with the CFTC and withdrawal from the Canadian market.
The long-term effects on MIT and the crypto sector amid these controversies remain uncertain.