The Controversial Return of Gary Gensler

Once you walk the path of discord, it’s hard to step off. It follows you for a long time. Your reputation stays with you—whether it's good or notorious. Gary Gensler remains in the headlines even after stepping down as SEC chairman. His controversial tenure at the regulator continues to shadow him. It can’t be different if he takes on new roles related to the crypto industry since he is perceived as a crypto industry foe. Just days after leaving his position, the media is already buzzing with news of his return to MIT.

Gensler will focus on AI, financial technology, and finance as a professor and researcher. He is also going to take a position of a co-director at FinTechAI@CSAIL, an initiative within MIT’s Computer Science and Artificial Intelligence Laboratory.

This announcement sparked a wave of reactions. One of the most vocal critics was Gemini co-founder Tyler Winklevoss. According to his statement, Gemini is cutting ties with MIT and will no longer hire graduates from the prestigious university. It will stay this way as long as Gensler remains affiliated with the institution. The exchange has also excluded MIT from its summer internship program.

I think that teaching is incredibly important and has a lasting impact, potentially even more than regulatory decisions. Therefore, the academic role of someone as skeptical of the industry as Gary Gensler seems contradictory to me. He will actually shape the minds of future leaders in tech, finance, and AI sectors, and the question is: do we want such a future?

#MIT #Gensler #Gemini #Winklevoss