The former Securities and Exchange Commission (SEC) Chair, Gary Gensler, will rejoin Massachusetts Institute of Technology (MIT), shifting his focus to artificial intelligence (AI), according to the MIT Sloan School of Management’s statement on January 27.
Before leading the SEC, Gensler worked at Goldman Sachs and later became a professor at MIT. He also studied how AI could affect financial systems, publishing research on the risks it might bring.
At MIT, he will co-direct the FinTech AI @CSAIL initiative with Professor Andrew W. Lo. This program will connect companies with MIT researchers to explore AI’s role in finance.
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Additionally, Simon Johnson will work alongside Gensler to teach a course on economic topics, helping students understand AI’s potential impact on business and policy.
Though Gensler will not have the same authority he held as SEC Chair, his new position could still influence the industry. MIT has strong ties with tech firms and policymakers, meaning his research may help shape discussions on AI regulations and applications.
However, Gensler’s return to MIT has drawn criticism from some in the crypto community. Uniswap Foundation’s Executive Director and Co-Founder, Devin Walsh, expressed disappointment in the decision, stating:
As an MIT Sloan graduate, incredibly embarrassed and disappointed to see them rehire Gensler. A waste of time, tuition funds, and energy for any student hoping to study and support new and innovative technologies.
Meanwhile, Gensler recently shared his views on Bitcoin and other cryptocurrencies before stepping down from his role at the SEC. What did he say? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
