Summary:
- Gemini, a cryptocurrency exchange, has announced that it will not hire graduates from the Massachusetts Institute of Technology (MIT) due to the involvement of Gary Gensler, the current chair of the U.S. Securities and Exchange Commission (SEC), as a professor at the university.
- Gensler, who previously worked at Goldman Sachs and the U.S. Commodity Futures Trading Commission, has taken a tough stance on cryptocurrency regulations, which has caused friction with the industry.
- The decision by Gemini is seen as a protest against Gensler's regulatory approach and the potential influence he may have on MIT graduates who may go on to work in the cryptocurrency industry.