Gemini won't hire MIT graduates unless former SEC chair Gary Gensler is removed from teaching role
Gemini, a crypto exchange, has announced that it will not be hiring any graduates from the Massachusetts Institute of Technology (MIT) as long as former Securities and Exchange Commission (SEC) chair Gary Gensler remains a professor at the university. This decision is due to Gemini's ongoing feud with the SEC, which began in March when the exchange paid $21 million in fines to settle claims that it sold unregistered securities. Gensler, who led the SEC at the time, oversaw a record number of crypto-related enforcement actions. Some in the crypto industry have supported Gemini's decision, while others have criticized it as excessive.
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