- Gensler prompts Gemini to delist MIT graduates.
- Gary Gensler criticized for strict regulations at the SEC.
- Political and academic impact of Gensler's association with MIT.
This week, Tyler Winklevoss, one of the founders of the Gemini exchange, made an impactful announcement to students at the Massachusetts Institute of Technology (MIT). He said that as long as Gary Gensler is associated with the institute, Gemini will not consider hiring any of its graduates. “As long as MIT has any association with Gary Gensler, Gemini will not hire any graduates of that school,” Winklevoss announced in a social media post, ruling out even applications for summer internships.
As long as @MIT has any association with Gary Gensler, @Gem the will not hire any graduates from this school. Not even interns for our summer intern program. https://t.co/fi0WMIVCLp
- Tyler Winklevoss (@tyler) January 30, 2025
Gary Gensler, the former chairman of the U.S. Securities and Exchange Commission (SEC), recently stepped down from his role, coinciding with President Donald Trump’s inauguration in 2025. Gensler’s departure was celebrated by many in the cryptocurrency industry, who criticized his tenure as a period marked by “regulation through enforcement.”
Under Gensler’s tenure at the SEC, crypto companies have been hit with more than $6 billion in fines, with enforcement actions fourfold, according to data from Cornerstone Research. Compared to his predecessor, Gensler’s number of enforcement actions against the crypto industry has increased by 80%.
Gensler's departure from office was celebrated by several political figures. House Majority Leader Tom Emmer expressed his relief with a simple "Bon voyage," while Massachusetts politician John Deaton posted a defiant emoji on social media.
Gensler is currently affiliated with MIT as a professor of courses on artificial intelligence (AI) and fintech. Prior to his role at the SEC, Gensler had a career as a professor at the university and as a senior advisor at the MIT Media Lab Digital Currency Initiative.