{"id":622821,"date":"2025-01-30T14:22:19","date_gmt":"2025-01-30T14:22:19","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=622821"},"modified":"2025-01-30T14:22:19","modified_gmt":"2025-01-30T14:22:19","slug":"gemini-says-it-wont-hire-mit-grads-until-former-sec-chair-gary-gensler-is-ousted","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/gemini-says-it-wont-hire-mit-grads-until-former-sec-chair-gary-gensler-is-ousted","title":{"rendered":"Gemini Says It Won’t Hire MIT Grads Until Former SEC Chair Gary Gensler Is Ousted"},"content":{"rendered":"

Gemini says it will not be hiring any graduates from the Massachusetts Institute of Technology (MIT) unless the university drops former US Securities and Exchange Commission (SEC) Chair Gary Gensler from his recently-appointed teaching role.<\/span><\/p>\n

“As long as MIT has any association with Gary Gensler, Gemini will not hire any graduates from this school,” said Tyler Winklevoss, a co-founder of Gemini and the company’s CEO, in a <\/span>post<\/span><\/a> on X today. <\/span><\/p>\n

\"Gemini<\/p>\n

Crypto Community Divided Over The Approach Taken By Gemini<\/span><\/h2>\n

Gemini’s feud with the SEC goes back to around March 2024, when the exchange was ordered to pay $21 million in fines in order to settle claims made by the financial regulator. <\/span><\/p>\n

In the lawsuit, the SEC said that Gemini sold unregistered securities through its Earn program in partnership with Genesis, a crypto firm that has since gone bankrupt.<\/span><\/p>\n

This enforcement action was carried out when <\/span>Gensler<\/span><\/a> was the Chair of the SEC. He stepped down on Jan. 20.<\/span><\/p>\n

Industry leaders seem divided over the action being taken by Gemini. On one hand, Bitcoin advocate Erik Voorhees <\/span>says<\/span><\/a> that other crypto companies should boycott MIT graduates until Gensler is fired. <\/span><\/p>\n

On the other, Arkham’s head of UK legal Preston Byrne believes not hiring MIT graduates because of Gensler is “overkill.”<\/span><\/p>\n

\n

I actually think a university is a perfectly fine place for Gensler to land. Was he bad for our industry? Yes. Will he be able to teach students a hell of a lot about how government works? Also yes<\/p>\n

— Preston Byrne (@prestonjbyrne) January 30, 2025<\/a><\/p><\/blockquote>\n