Former SEC Chair Gary Gensler's return to MIT has sparked discontent within the crypto community, with several industry leaders voicing their disagreement.
Gensler's Return to MIT
On January 27, the Massachusetts Institute of Technology announced it had rehired Gary Gensler just over a week after his departure from the SEC. His return to an academic setting has sparked uproar from several leaders in the crypto industry.
Crypto Community Reaction
Tyler Winklevoss, co-founder of Gemini exchange, stated that his company would not hire MIT graduates as long as the university is associated with Gensler. ShapeShift founder Erik Voorhees also called for a boycott of MIT graduates to express disapproval of Gensler's appointment.
History of Boycotts in the Industry
This is not the first boycott in the crypto industry. Last December, Winklevoss advocated for a boycott of firms employing former SEC officials. Despite the backlash, MIT has not announced any plans to reconsider its decision.
Gary Gensler's reappointment at MIT continues to stir controversy within the crypto community. Despite the criticism, the university has not announced any reconsideration, and the debate over his appointment continues.