The Movement establishes new entity Move Industries

The Movement (MOVE) announced on X that it has established a new entity called Move Industries. Both were among the early employees of Movement Labs, with Torab Torabi serving as the Chief Executive Officer (CEO) and Will Gaines as the Chief Marketing Officer (CMO). Move Industries will prioritize improved governance and leadership with a focus on technology and community. Movement Labs had previously dismissed co-founder Rushi Manche for misconduct and announced plans to revamp its governance structure.