The post Larry Summers Steps Down From OpenAI Board appeared on BitcoinEthereumNews.com. Topline Former Treasury Secretary Larry Summers will resign from the board of OpenAI, a day after the former labor secretary said he will step back from public commitments after documents released by the House Oversight Committee revealed email interactions he had with convicted sex offender Jeffrey Epstein. Larry Summers announced he was stepping down from his public roles on Monday night. Hindustan Times via Getty Images Key Facts Summers told multiple outlets: “I am grateful for the opportunity to have served, excited about the potential of the company, and look forward to following their progress.” In response, OpenAI said it respected Summers’ decision to step down and it appreciated Summers’ “many contributions.” At the time of publishing, Summers’ name still appeared on OpenAI’s “Our Structure” page under the “Our Board” heading. On Monday, Summers issued a statement saying he was “deeply ashamed of my actions and recognize the pain they have caused…I take full responsibility for my misguided decision to continue communicating with Mr. Epstein.” The former treasury secretary said he will be “stepping back from public commitments as one part of my broader effort to rebuild trust and repair relationships with the people closest to me.” However, Summers said he will continue to fulfill his “teaching obligations.” Where Else Did Summers Step Down From? While making the announcement on Monday, Summers did not specify what roles he will be stepping down from. The New York Times reported that Summers was leaving his advisory board position at the Yale Budget Lab, a policy research center at Yale University and also ending his fellowship at the Center for American Progress. Both the Yale Budget Lab and the Center for American Progress websites had scrubbed Summers’ profile page after his announced, with the latter displaying a message which read: “Lawrence H. Summers… The post Larry Summers Steps Down From OpenAI Board appeared on BitcoinEthereumNews.com. Topline Former Treasury Secretary Larry Summers will resign from the board of OpenAI, a day after the former labor secretary said he will step back from public commitments after documents released by the House Oversight Committee revealed email interactions he had with convicted sex offender Jeffrey Epstein. Larry Summers announced he was stepping down from his public roles on Monday night. Hindustan Times via Getty Images Key Facts Summers told multiple outlets: “I am grateful for the opportunity to have served, excited about the potential of the company, and look forward to following their progress.” In response, OpenAI said it respected Summers’ decision to step down and it appreciated Summers’ “many contributions.” At the time of publishing, Summers’ name still appeared on OpenAI’s “Our Structure” page under the “Our Board” heading. On Monday, Summers issued a statement saying he was “deeply ashamed of my actions and recognize the pain they have caused…I take full responsibility for my misguided decision to continue communicating with Mr. Epstein.” The former treasury secretary said he will be “stepping back from public commitments as one part of my broader effort to rebuild trust and repair relationships with the people closest to me.” However, Summers said he will continue to fulfill his “teaching obligations.” Where Else Did Summers Step Down From? While making the announcement on Monday, Summers did not specify what roles he will be stepping down from. The New York Times reported that Summers was leaving his advisory board position at the Yale Budget Lab, a policy research center at Yale University and also ending his fellowship at the Center for American Progress. Both the Yale Budget Lab and the Center for American Progress websites had scrubbed Summers’ profile page after his announced, with the latter displaying a message which read: “Lawrence H. Summers…

Larry Summers Steps Down From OpenAI Board

Topline

Former Treasury Secretary Larry Summers will resign from the board of OpenAI, a day after the former labor secretary said he will step back from public commitments after documents released by the House Oversight Committee revealed email interactions he had with convicted sex offender Jeffrey Epstein.

Larry Summers announced he was stepping down from his public roles on Monday night.

Hindustan Times via Getty Images

Key Facts

Summers told multiple outlets: “I am grateful for the opportunity to have served, excited about the potential of the company, and look forward to following their progress.”

In response, OpenAI said it respected Summers’ decision to step down and it appreciated Summers’ “many contributions.”

At the time of publishing, Summers’ name still appeared on OpenAI’s “Our Structure” page under the “Our Board” heading.

On Monday, Summers issued a statement saying he was “deeply ashamed of my actions and recognize the pain they have caused…I take full responsibility for my misguided decision to continue communicating with Mr. Epstein.”

The former treasury secretary said he will be “stepping back from public commitments as one part of my broader effort to rebuild trust and repair relationships with the people closest to me.”

However, Summers said he will continue to fulfill his “teaching obligations.”

Where Else Did Summers Step Down From?

While making the announcement on Monday, Summers did not specify what roles he will be stepping down from. The New York Times reported that Summers was leaving his advisory board position at the Yale Budget Lab, a policy research center at Yale University and also ending his fellowship at the Center for American Progress. Both the Yale Budget Lab and the Center for American Progress websites had scrubbed Summers’ profile page after his announced, with the latter displaying a message which read: “Lawrence H. Summers is no longer with the Center for American Progress.” Summers also served as a contributor on New York Times’ opinion page, the newspaper said on Tuesday that it does not intend to renew Summers’ one year contract, which began in January.

Read More

Source: https://www.forbes.com/sites/siladityaray/2025/11/19/larry-summers-steps-down-from-openai-board-after-epstein-emails-come-to-light/

Market Opportunity
PUBLIC Logo
PUBLIC Price(PUBLIC)
$0.0191
$0.0191$0.0191
+0.73%
USD
PUBLIC (PUBLIC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Meteora: JUP stakers will be eligible for MET token airdrops

Meteora: JUP stakers will be eligible for MET token airdrops

PANews reported on September 18 that Meteora officials confirmed in the community Discord that JUP stakers will be eligible for MET token airdrops. Earlier news, Meteora announced that it will conduct TGE in October , and the token will be MET.
Share
PANews2025/09/18 11:13
CME Group to Launch Solana and XRP Futures Options

CME Group to Launch Solana and XRP Futures Options

The post CME Group to Launch Solana and XRP Futures Options appeared on BitcoinEthereumNews.com. An announcement was made by CME Group, the largest derivatives exchanger worldwide, revealed that it would introduce options for Solana and XRP futures. It is the latest addition to CME crypto derivatives as institutions and retail investors increase their demand for Solana and XRP. CME Expands Crypto Offerings With Solana and XRP Options Launch According to a press release, the launch is scheduled for October 13, 2025, pending regulatory approval. The new products will allow traders to access options on Solana, Micro Solana, XRP, and Micro XRP futures. Expiries will be offered on business days on a monthly, and quarterly basis to provide more flexibility to market players. CME Group said the contracts are designed to meet demand from institutions, hedge funds, and active retail traders. According to Giovanni Vicioso, the launch reflects high liquidity in Solana and XRP futures. Vicioso is the Global Head of Cryptocurrency Products for the CME Group. He noted that the new contracts will provide additional tools for risk management and exposure strategies. Recently, CME XRP futures registered record open interest amid ETF approval optimism, reinforcing confidence in contract demand. Cumberland, one of the leading liquidity providers, welcomed the development and said it highlights the shift beyond Bitcoin and Ethereum. FalconX, another trading firm, added that rising digital asset treasuries are increasing the need for hedging tools on alternative tokens like Solana and XRP. High Record Trading Volumes Demand Solana and XRP Futures Solana futures and XRP continue to gain popularity since their launch earlier this year. According to CME official records, many have bought and sold more than 540,000 Solana futures contracts since March. A value that amounts to over $22 billion dollars. Solana contracts hit a record 9,000 contracts in August, worth $437 million. Open interest also set a record at 12,500 contracts.…
Share
BitcoinEthereumNews2025/09/18 01:39
Algorand (ALGO) Foundation Taps Ex-FinCEN, MoneyGram Execs for New US-Based Board

Algorand (ALGO) Foundation Taps Ex-FinCEN, MoneyGram Execs for New US-Based Board

The post Algorand (ALGO) Foundation Taps Ex-FinCEN, MoneyGram Execs for New US-Based Board appeared on BitcoinEthereumNews.com. Iris Coleman Jan 14, 2026 15:
Share
BitcoinEthereumNews2026/01/15 14:48