
Gemini Refuses to Hire MIT Graduates Due to Gary Gensler’s Role
Gemini halts hiring MIT graduates until Gary Gensler is removed as an instructor, citing his controversial SEC leadership.
Gemini halts hiring MIT graduates until Gary Gensler is removed as an instructor, citing his controversial SEC leadership.
While crypto advocates cheer the SEC’s decision, skeptics like Jacob King warn that the industry’s shift toward bank custody contradicts Bitcoin’s original vision of decentralization.
Gensler’s SEC tenure saw 18% of complaints tied to crypto violations, impacting Binance, Coinbase, and others.
Emmer is a pro-crypto Congressman who now joins Bryan Steil as part of the subcommittee’s leadership to oversee crypto regulation in the US.
“Bitcoin is a highly speculative, volatile asset. But with 7 billion people around the globe, 7 billion people want to trade it just like we do have gold for 10,000 years,” said Gensler.
As time winds down for the Senate Banking Committee to decide Crenshaw’s future, the stakes are high.
Paul Atkins, known for his pro-innovation stance, is the frontrunner to become the next SEC Chair.
Brian Armstrong accused SEC’s Gensler and Senator Warren of undermining crypto, fueling debanking issues, and impacting the 2024 election.
Atkins’ potential appointment as SEC Chair comes amid growing speculation that Trump’s administration might move the regulatory oversight of cryptocurrencies away from the SEC and to the CFTC.
Amid the ongoing regulatory tensions, Ripple continues to expand its influence within the financial technology space.
John Deaton has consistently criticized the SEC, advocating for regulatory changes in the crypto sector.
During the time of Gensler, the SEC was generally perceived as being hostile to the crypto industry.
Eighteen US state attorneys general have filed a lawsuit against US SEC Chair Gary Gensler while claiming the SEC’s broader crackdown violates federalism principles.
Ripple Labs has made strategic moves in the recent past to strengthen the mainstream adoption of XRP despite the legal hurdles emanating from the US SEC.
Trump is reportedly considering several key officials to help with crypto regulation and ease rules, in support of the sector.