The post Gemini Halts MIT Hiring Due to Gary Gensler’s Academic Ties appeared on BitcoinEthereumNews.com.

Tyler Winklevoss, co-founder of the Gemini cryptocurrency exchange, announced that the company will cease hiring MIT graduates and interns. The hiring freeze will last as long as former Securities and Exchange Commission (SEC) Chair Gary Gensler remains associated with the institution. The bold move reflects the ongoing tension between the cryptocurrency industry and regulatory bodies. Tyler Winklevoss Sends Strong Message to MIT As BeInCrypto reported, Gensler returned to MIT Sloan School of Management as a professor. The return comes after years of Gensler leading the SEC’s onslaught against the crypto industry. Against this backdrop, Tyler Winklevoss sent a strong message to MIT. He articulated Gemini’s resolve not to associate with Gensler in any way. “As long as MIT has any association with Gary Gensler, Gemini will not hire any graduates from this school. Not even interns for our summer intern program,” the Winklevoss twin shared on X. The other twin, Cameron Winklevoss, has not commented on the matter. Nevertheless, he reiterated calls to boycott MIT graduates until Gensler is fired. “Every crypto company should boycott MIT grads until Gary is fired. What a way to ruin the reputation of such an illustrious institution! We can use peace and our own market discretion where Gary used coercion and extortion,” said Erik Voorhees, founder of Venice.ai, in a post that Cameron Winklevoss re-shared. The Winklevoss twins are among industry executives on the frontline for pro-crypto policies. They have been notably active in political circles, making substantial contributions to pro-crypto candidates and causes. The twins have also been involved in significant political fundraising efforts, including President Donald Trump’s campaign contributions. Taken together, it explains their dislike for Gensler after what has been deemed unfair regulation under his tenure. Meanwhile, the controversy has prompted discussions about the implications for MIT students and alums. Caitlin…

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Filed under: News - @ January 30, 2025 7:20 am