MIT

The return of former Securities and Exchange Commission ($SEC) Chair Gary Gensler to $MIT has sparked a wave of reactions across the cryptocurrency community. Known for his stringent regulatory stance during his tenure at the SEC, Gensler’s reappointment at the prestigious institution has drawn criticism from some industry leaders who argue that his policies stifled innovation in the blockchain space.
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Industry Leaders Call for Action
On January 27, MIT officially rehired Gensler, just days after he stepped down from his SEC role. His return to academia, however, has not been welcomed by all. Prominent crypto figures, including Tyler Winklevoss, co-founder of Gemini, voiced their dissatisfaction. Winklevoss took to social media, stating that as long as Gensler remained affiliated with MIT, Gemini would not hire graduates from the university, including interns.
Other key players in the space echoed similar sentiments. ShapeShift founder Eric Voorhees urged crypto companies to boycott MIT graduates until Gensler was removed from his position, arguing that his past regulatory approach had negatively impacted the industry. While some supported these calls for action, others believed that targeting students was misguided and counterproductive, potentially leading to missed opportunities for hiring top talent in the blockchain sector.
Mixed Reactions Within the Crypto Community
The idea of a boycott was met with divided opinions. Some industry participants viewed it as a necessary market-driven response to regulatory overreach, while others criticized it as unfair and excessive. Legal expert Sarah Shtylman dismissed the proposal, calling it an example of "cancel culture taken too far." Meanwhile, Fox Business reporter Eleanor Terrett questioned whether Gensler’s perspective on crypto might shift now that he has returned to an academic setting.
This is not the first time industry leaders have boycotted organizations linked to former SEC officials. In December, after Coinbase CEO Brian Armstrong severed ties with the law firm Milbank for hiring former SEC Commissioner Gurbir Grewal, Winklevoss followed suit, stating that Gemini would also stop working with firms employing former SEC personnel.
Despite the backlash, MIT has not indicated any plans to reconsider its decision to bring Gensler back into its academic ranks. Whether his return will influence future regulatory discourse remains to be seen, but it is clear that the crypto industry remains deeply invested in the broader conversation about regulation, innovation, and academic affiliations.
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A $25 million criminal case is becoming a hot topic in the cryptocurrency community, as two brothers accused of Ethereum fraud have just presented a controversial legal argument: the case should be dismissed entirely due to the new policy of the U.S. Department of Justice (DOJ) under President Donald Trump.

Two MIT geniuses and allegations of Ethereum fraud

Anton and James Pepaire-Bueno – two brothers who graduated from the Massachusetts Institute of Technology (#MIT ) – were once hailed as outstanding programmers. However, they were charged last year for exploiting the transaction verification mechanism on the Ethereum network to steal $25 million in ETH from other traders in just a few minutes.

The crypto community is abuzz with outrage and disappointment over MIT's decision to rehire Gary Gensler, the former Securities and Exchange Commission (SEC) Chair. 🤯 Gensler's tenure at the SEC was marked by a strict regulatory approach that many in the crypto space felt hindered blockchain innovation. 🚫

Tyler Winklevoss Leads the Charge 💪

Tyler Winklevoss, co-founder of Gemini crypto exchange, is leading the charge against Gensler's rehiring. 🚀 He's announced that Gemini won't hire any MIT graduates as long as Gensler is employed by the university. 🚫

"We cannot in good conscience hire graduates from a university that has so blatantly ignored the concerns of the crypto community," Winklevoss stated. "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." 📣

Eric Voorhees Joins the Fray 🔥

Eric Voorhees, founder of ShapeShift, has also joined the fray, calling for a boycott of MIT graduates until Gensler is removed. 🚫

"Every crypto company should boycott MIT grads until Gary is fired," Voorhees tweeted. "What a way to ruin the reputation of such an illustrious institution!" 🤯

Not Everyone Agrees 🤔

However, not everyone in the crypto community agrees with this approach. Some argue that punishing students for a decision made by the university is unfair and counterproductive. 🤷‍♂️

Legal expert Sarah Shtylman dismissed the idea as "absurd" and "cancel culture gone dumb". 🙅‍♀️

A History of Boycotting📚

This isn't the first time Winklevoss has called for a boycott. Last December, he announced that Gemini would stop doing business with law firms that hire former SEC personnel. 🚫

MIT Remains Silent 🤐

Despite the backlash, MIT hasn't indicated whether it will reconsider its decision to rehire Gensler. 🤔 The crypto community remains divided on the issue, with some supporting the boycott and others opposing it. 🤝

What's Next?🤔

As the crypto community continues to debate the issue, one thing is clear: Gary Gensler's rehiring by MIT has sparked a firestorm of controversy. 🔥 What's next for the crypto community and MIT remains to be seen. 📊
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