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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