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Gary Ginsler, former SEC president, returns to the Massachusetts Institute of Technology to focus on artificial intelligence and financing

Four years after the coding and supervision of the financial market, the head of the US Securities and Stock Exchange (SEC) is returning to the Massachusetts Institute of Technology (MIT).

According to a statement on January 27 from the University of Research, its focus will now turn into artificial intelligence (AI), Fintech, Finance, and Public Policy.

The new Jingsler role

“I am honored to return to the Massachusetts Institute of Technology, which was the faculty, employees and students at the forefront of research and technology,” Ginserner, He said After his appointment. He added that he is looking to cooperate with scientists in the institution to push innovation and create a better future through artificial intelligence, financing and technology.

Before the leadership of the Supreme Education Council, Jinsler worked in Goldman Sachs and later became a professor at the Massachusetts Institute of Technology, where he studied the impact of artificial intelligence on financial systems and publishing research on the risks they could pose for global financing.

In his new role, the 67 -year -old will participate in directing the Fintech AicSail initiative alongside Professor Andrew WLo. This program connects companies with researchers at the Massachusetts Institute of Technology to explore the role of artificial intelligence in the financial industry.

In addition, the academic will cooperate with Simon Johnson, Nobel Prize winner to teach a course on economic issues known to be “of great importance to the global economy.”

While Jinsler’s new position lacks the regulatory authority he occupied as head of financial digging, it is expected to be influential. The Massachusetts Institute maintains the technic

Criticism and anxiety

However, the return of the former president to the institution did not receive everyone. Devin Walsh, CEO and co -founder of the UnISWAP Foundation, Condemn The decision, to say that it was “incredibly embarrassing and disappointed” by the re -employment of the school for Ginsler.

She highlighted that her introduction to Crypto occurred through the MITDCI ​​digital currency initiative (MITDCI), indicating that any student for him will waste their time, drawings and energy if they hope to identify and support new and innovative technologies.

During his term at the Supreme Education Council, Ginsler formed the policy of encryption through the organization’s approach. Under his leadership, the agency began more than 125 enforcement procedures against encryption companies, and the classification of many cryptocurrencies, with the exception of bitcoin and ethereum, as securities, and thus fall under the regulatory organization.

His actions received a lot of criticism from this industry, as some said that they strangled innovation and created organizational uncertainty. However, one of the bright lights during his reign was the approval of the money circulating on the Stock Exchange (ETFS) last year to track bitcoin and yield.

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