The post Winklevoss Slams MIT Over Gensler Ties—No Gemini Jobs for Its Graduates appeared on BitcoinEthereumNews.com.

Gemini halts recruitment of MIT grads until the university severs ties with Gensler, citing his impact on the crypto industry.   Industry divided over Gemini’s decision, with some arguing it unfairly punishes students not responsible for Gensler’s actions. Tyler Winklevoss, CEO of the Gemini crypto exchange, announced on their X account that the company would no longer recruit Massachusetts Institute of Technology (MIT) graduates. This decision will remain in effect until the university breaks ties with Gary Gensler, the former SEC chair who now serves as an MIT professor. The conflict between Gemini and the SEC began in March 2023, when the exchange settled with the regulatory body for $21 million. The SEC accused Gemini’s Earn program, partnered with the now-bankrupt Genesis, of offering unregistered securities. This settlement was one of many crypto-related regulatory actions Gensler’s SEC took during his tenure. The SEC’s harsh stance towards the crypto industry under Gensler’s leadership has drawn opposition from industry figures who argue that such regulatory measures hinder innovation and growth. Gary Gensler’s return to MIT as a professor after leaving the SEC has intensified his rivalry with crypto advocates. Winklevoss, who has been outspoken in his criticism of Gensler, is now directing his anger at MIT, calling on the university to end its association with the former SEC chair. According to Winklevoss, Gensler’s regulatory actions have had a major impact on the crypto industry, affecting businesses, jobs, and individual livelihoods. He believes that Gensler’s time at the SEC was not a series of honest mistakes but a planned effort to pursue a personal political agenda at the expense of the industry. Gemini’s Rejection of MIT Graduates In response to Gensler’s continued presence at MIT, Winklevoss declared that Gemini would no longer participate in MIT’s summer internship program and would not hire university graduates.…

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Filed under: News - @ January 31, 2025 4:27 am