Crypto exchange Gemini has declared it will not hire any graduates from the Massachusetts Institute of Technology (MIT) unless the university drops Gary Gensler, the former chair of the Securities and Exchange Commission (SEC), from his teaching role. Tyler Winklevoss, co-founder and CEO of Gemini, announced this stance on January 30, also stating that the company will not take interns from MIT. Gemini's conflict with the SEC revolves around allegations that it sold unregistered securities via its Gemini Earn program with the defunct crypto firm Genesis. Gensler's SEC was responsible for numerous enforcement actions against crypto firms, prompting calls from figures like Bitcoin advocate Erik Voorhees to boycott MIT graduates until Gensler is dismissed. While some industry leaders like Coinbase have similarly avoided hiring former SEC staff, others argue against punishing students for the actions of their professors. Winklevoss criticized Gensler's impact on the crypto industry and labeled any association with him as a betrayal of the sector.

Source 🔗