Gemini Refuses Hiring MIT Graduates Over Gary Gensler

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Gemini Refuses MIT Grads Over Gary Gensler, No Hires Until He Is Out

Written by Aaron S.,

Editor-In-Chief

Last Updated: January 31, 2025

Key Takeaways

Gemini will not hire MIT graduates as long as the university employs former SEC chair Gary Gensler;
Tyler Winklevoss blames Gensler for harmful crypto policies and refuses to support MIT until he is removed;
Some in the academic and crypto communities back Gemini’s stance, while others say students shouldn’t be punished for regulatory disputes.

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Gemini Refuses MIT Grads Over Gary Gensler, No Hires Until He Is Out

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Gemini $101.07M , a cryptocurrency exchange, has announced it will not hire graduates from the Massachusetts Institute of Technology (MIT) as long as the university continues to employ Gary Gensler, the former chair of the Securities and Exchange Commission (SEC).

This decision was shared by Tyler Winklevoss, the co-founder and CEO of Gemini, in a January 30 post on X. He also stated that it extends to the company’s internship program.

His reasoning is tied to long-standing tensions between Gemini and the SEC, particularly a settlement in March 2024 where the company paid $21 million in fines related to its Gemini Earn program.

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In Winklevoss’s view, Gensler has played a crucial role in policies that have negatively affected the crypto industry. In a November 16 post, he stated that no apology could make up for the damage Gensler has caused to both the industry and the country.

Some in the crypto and academic communities have questioned Gemini’s hiring policy. Jiasun Li, a professor at George Mason University, suggested boycotting students who take Gensler’s classes instead of excluding all MIT graduates.

Others have expressed concern about penalizing students over an industry dispute. Sergey Gorbunov of Axelar Network said in a post on X that he saw no reason to hold students accountable for regulatory conflicts and offered to hire MIT graduates himself.

Preston Byrne, head of legal at Arkham’s UK division, also disagreed with Gemini’s stance. He noted that avoiding law firms that employ former SEC officials might make sense, but refusing to hire graduates from an entire university seemed unnecessary.

On January 27, the MIT Sloan School of Management announced that Gary Gensler would be returning to the university. What courses will he teach? Read the full story.