Gary Ginsler, the former president of the US Securities and Exchange Committee, joins the Faculty of Administrative CIA as a professor in this practice.

Gary Ginsner will be a member of the Global Economy and Management Group and the Finance Group, as it will work on artificial intelligence, finance, financial technology and public policy, says the Massachusetts Institute of Technology. press releaseDated January 27.

In addition to being a professor, he will also be the coach of Fintechai at the computer science and artificial science laboratory, the largest research laboratory at the Massachusetts Institute of Technology.

Before taking over the role of the SEC chair during Biden Management and supervision of US Capital Markets of $ 120 trillion, Jinsler worked as a professor in practice at the Massachusetts Institute of Technology Celun in the period from 2018 to 2021. He also held the position of Chairman of the commodity futures trading committee during the era of President Obama, and supervises the implementation of post -year reforms 2008 from the barter market of $ 400 trillion.

Crypto control position

However, within the encryption industry, Ginseller was famous for his harsh position, "Everything Security". Jinsler had a controversial relationship with Congress and other American organizers and criticized bills that would write down a clearer regulatory framework.

He repeatedly said that most of the encryption is unlike bitcoin (BTCIt should be qualified as securities, and thus fall under the jurisdiction of SEC. In January 2022, Ginserler He said"The truth is that most codes codes include a group of entrepreneurs who collect money from the public in anticipation of profits - the distinctive feature of the investment contract or security under our jurisdiction." At Penn Law Capital Markets Association annual.

The result of such strict regulations left projects working in the United States in a legal way, which is the president Donald Trump It is rolled now.

Gensler also resisted the approval of the Instant Bitcoin Investment Funds, noting the need to protect the investor and concerns about manipulation of the market. A committee of three judges from the American Appeals Court of the Capital Department in August 2023 against the Securities and Stock Exchange was ruled, saying that the agency refused to allow gray arrangement to transfer its confidence in Bitcoin to the circulating investment funds was "arbitrary and volatile." It was not until January 2024 - according to this legal and political pressure - approved by the Securities and Stock Exchange.

The graduate of the Massachusetts Institute of Knkin Walsh, who fell in love with Crypto through the Massachusetts Institute of Technology Institute, has not retired to criticize this step as a disappointment for students wishing to support innovation.