Key Points:
- Former SEC chair Gary Gensler is rejoining MIT Sloan as a Professor of the Practice, focusing on AI, finance, and public policy.
- Gensler will co-direct MIT’s FinTechAI@CSAIL initiative and co-teach a new course, bringing his regulatory experience back to academia.
Former U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is returning to the Massachusetts Institute of Technology (MIT) following a contentious four-year tenure at the financial regulatory agency.
Read more: SEC Chair Gary Gensler Now Officially Resigns From His Position
Former SEC Chair Returns to MIT
MIT Sloan School of Management confirmed on January 27 that the former SEC chair will rejoin as a Professor of Practice, focusing on artificial intelligence, finance, financial technology, and public policy.
Gensler will be part of both the Global Economics and Management Group and the Finance Group at MIT. Additionally, he will co-direct the FinTechAI@CSAIL initiative alongside MIT finance professor Andrew W. Lo within the university’s Computer Science and Artificial Intelligence Laboratory (CSAIL).
MIT leaders welcomed his return, with interim dean Georgia Perakis highlighting his extensive experience as a valuable asset for students. Simon Johnson, head of MIT Sloan’s Global Economics and Management Group, also confirmed that Gensler would co-teach a new course.
“I’m thrilled to once again collaborate with MIT’s distinguished team of scholars creating a better future for all through artificial intelligence, finance, and technology,” the former SEC chair said in a statement.
SEC Leadership Shift Amid Crypto Regulation Debate
During his time at the SEC, Gensler was a polarizing figure, particularly in the cryptocurrency sector. His tenure saw lawsuits against major crypto firms, including Coinbase, Binance, Kraken, and Ripple, with critics accusing the agency of prioritizing enforcement over establishing clear regulations.
With Gensler’s departure, the SEC is undergoing a leadership transition. Former regulator Paul Atkins has been nominated by former President Donald Trump to assume the chairmanship, though his appointment awaits Senate confirmation. In the interim, Republican Commissioner Mark Uyeda will serve as acting chair. Additionally, Commissioner Hester Peirce is expected to lead a newly formed crypto task force.
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