Gary Gensler goes back to MIT after getting kicked out of the SEC over crypto hate
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Gary Gensler, the man who spent nearly four years at the US SEC blocking crypto at every turn, has packed his bags and returned to MIT Sloan School of Management. The school announced his return on January 27, confirming that he will take up a Professor of the Practice role in its Global Economics and Management Group, as well as the Finance Group. His new job puts him back in academia, teaching AI, finance, financial technology, and public policy. He will also co-direct the FinTechAI@CSAIL initiative alongside MIT finance professor Andrew W. Lo within the MIT Computer Science and Artificial Intelligence Laboratory (CSAIL). MIT faculty lines up to praise Gary MIT wasted no time celebrating Gary’s return. The school’s interim dean, Georgia Perakis, welcomed him, saying his “breadth of experience” would benefit students. Simon Johnson, head of MIT Sloan’s Global Economics and Management Group, confirmed that he would co-teach a new course with Gary. “He and I will be teaching a new course together, and we look forward to engaging with as many students as possible,” Johnson said. Paul Asquith, head of MIT Sloan’s Finance Group, also shared his excitement, calling Gary a “rare scholar” with extensive real-world experience. Andrew W. Lo, Gary’s co-director at FinTechAI@CSAIL, said the timing of his return was “perfect,” considering AI’s increasing role in reshaping finance. Gary, in response, said he was “honored” to be back and looked forward to collaborating with “MIT’s distinguished team of scholars creating a better future for all through artificial intelligence, finance, and technology.” Crypto nemesis leaves behind a trail of lawsuits While at the SEC, Gary led lawsuits against Binance, Coinbase, and Ripple, arguing that most digital assets were unregistered securities. His campaign triggered an industry-wide backlash and many congressional hearings, where lawmakers grilled him for refusing to clarify…
Filed under: News - @ January 29, 2025 3:26 pm