Gemini’s MIT Meltdown: No Jobs for Gary Gensler’s Students!

by

In a move that could only be described as “spicy,” Gemini, the crypto exchange run by the Winklevoss twins, has decided to give MIT the cold shoulder. Why, you ask? Because Gary Gensler, the former SEC head and crypto’s public enemy number one, is back at MIT, teaching the next generation of brainiacs. 🧠💥

Tyler Winklevoss, one half of the Winklevoss duo, took to X (formerly Twitter) to announce that Gemini will no longer hire MIT graduates. Not even interns. Not even the ones who make a mean cup of coffee. ☕🚫

“As long as MIT has any association with Gary Gensler, Gemini will not hire any graduates from this school. Not even interns for our summer intern program,” Winklevoss declared, probably while sipping a very expensive latte. 🤑

MIT, ranked as the second-best university in the U.S., is home to some of the brightest minds in crypto. Think Uniswap’s Devin Walsh, Bitcoin Foundation’s Patrick Murck, and, oh yes, the infamous Sam Bankman-Fried. 🎓💣

According to RootData, at least 54 crypto projects were founded by MIT alumni. But now, thanks to Gensler’s return, those graduates might have to look elsewhere for jobs. Maybe they can start a lemonade stand? 🍋

As long as @MIT has any association with Gary Gensler, @Gemini will not hire any graduates from this school. Not even interns for our summer intern program.

— Tyler Winklevoss (@tyler) January 30, 2025

On January 29, MIT announced that Gensler would be returning to the Sloan School of Management as a Professor of the Practice. He’ll be teaching AI, finance, fintech, and public policy. Because, of course, he will. 📚🤖

Gensler will also be co-director of FinTechAI at MIT’s Computer Science and Artificial Intelligence Laboratory. Because nothing says “innovation” like putting the guy who hates crypto in charge of fintech research. 🙃

Many in the crypto industry see Gensler as the villain in their story. During his time at the SEC, he was accused of waging war against crypto, insisting that all tokens are securities. Cue the dramatic music. 🎻⚔️

Crypto’s Revenge: The Gary Gensler Chronicles

Gemini isn’t the first crypto firm to cut ties with institutions linked to former Biden Administration officials. In December, Coinbase said it would stop working with firms that hire people tied to the administration’s “bad deeds.” 🚫👔

“It’s an ethics violation in my book to try and unlawfully kill an industry while refusing to publish clear rules. If you were senior there, you cannot say you were just following orders,” Coinbase CEO Brian Armstrong wrote, probably while polishing his halo. 😇

As Gensler prepares to mold young minds at MIT, many in the crypto world are less than thrilled. UniSwap’s Devin Walsh, an MIT alum, said she was “incredibly embarrassed and disappointed” by the decision to rehire Gensler. She called it a “waste of time, tuition funds, and energy” for students hoping to learn about cutting-edge finance tech. 🎓💸

So, there you have it. MIT, once a beacon of innovation, is now the stage for a crypto drama starring Gary Gensler. Will the students survive? Will Gemini ever hire an MIT grad again? Stay tuned. 🍿🎬

Read More

2025-01-30 10:35