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Photo: Ed Zurga/Getty Images

In the three weeks since CrossFit founder Greg Glassman resigned amid backlash against his offensive remarks on George Floyd's killing, the company — and community — have undergone substantial change.

Why it matters: While CrossFit undergoes its first ownership change, its athletes are unifying and aiming for a seat at the table when it comes to the future of their sport.

Timeline: Glassman resigned as CEO on June 9, hoping to assuage the countless sponsors and affiliate gyms who'd begun a mass exodus in response to his comments. Dave Castro, director of the CrossFit Games, took his place.

  • June 20: Glassman's long history of rampant sexual harassment comes to light, and it becomes clear that merely stepping down as CEO (while still owning the company) won't be enough to placate the CrossFit community.
  • June 24: It's announced that tech entrepreneur and CrossFit affiliate owner Eric Roza will buy CrossFit from Glassman and become the new CEO.
  • July 9: CrossFit athletes form their first-ever union — the Professional Fitness Athletes' Association.

The big picture: Founded in 2000, CrossFit exploded over the last 20 years as both a brand and a fitness regimen to include nearly 15,000 dues-paying affiliates, plus an annual competition called the CrossFit Games.

  • Yes, but: As 10-year CrossFit affiliate owner Mike DeNicola told Insider, "They don't own the workout, they just found a way to market it to people."

What they're saying: To learn more about the industry shake-up, Axios spoke with Justin LoFranco, founder of Morning Chalk Up, a CrossFit media company.

  • On new CEO and owner Roza: "The guy's a tried and tested CEO. He's been at the top of the business world, whereas everybody in the top brass of CrossFit came from inside CrossFit."
  • On the formation of the union: "This is a direct result of what Glassman said and did, and athletes understanding that now is a pivotal moment for them to finally have a voice."

Go deeper

Dan Primack, author of Pro Rata
2 hours ago - Economy & Business

FTX CEO predicts more U.S. crypto flight

Photo: "Axios on HBO"

FTX doesn't look much like a company valued at $25 billion. Its new headquarters, located in a sleepy part of The Bahamas, is so nondescript as to not even have a sign. But it does expect to soon have neighbors.

Driving the news: Founder and CEO Sam Bankman-Fried tells "Axios on HBO" to expect "more and more crypto flight from the states" if the U.S. doesn't soon create a regulatory regime for cryptocurrencies.

Developed countries reveal $100 billion climate finance plan ahead of COP26

Alok Sharma, head of the UN Climate Summit in Glasgow, speaks in Paris on Oct. 12. ( Li Yang/China News Service via Getty Images)

After 12 years of fits and starts, industrialized nations on Monday put forward a detailed plan to provide at least $100 billion annually in climate aid to developing countries starting by 2023.

Why it matters: The plan, presented by representatives of Canada and Germany, is aimed at defusing one of the biggest sources of tension at COP26, which is the failure of industrialized nations to follow through on their financial commitments.

3 hours ago - Health

Moderna says COVID vaccine shows strong immune response in kids

Photo: Martin Galindo/Long Visual Press/Universal Images Group via Getty Images

Moderna on Monday released trial results for its coronavirus vaccine for children aged 6 to 11, saying it provides a "robust" immune response after two doses.

Why it matters: Moderna said it will officially submit the results to the Food and Drug Administration for authorization in "the near term," meaning we could soon see two coronavirus vaccines available to protect approximately 28 million more kids in the U.S.