Eleanor Terrett on impersonators and a better crypto industry: Hall of Flame
Fox Business producer Eleanor Terrett says that, as she gains more recognition in the crypto community, she is becoming a prime target for social media impersonators.
“So, I find myself having to tweet more often, saying, ‘Just a reminder, guys, I don’t have a private profile; I will never reach out to you,’” Terrett tells Magazine.
However, she warns that if you’re on the hunt for the next runaway altcoin, it’s probably not going to be her who finds it for you.
“I don’t have stock trading tips or crypto trading tips,” Terrett declares.
It’s a pity she can’t say the same for all those impersonators floating around out there: “They’re scamming people as well. There is one called Eleanor Terrett Private. They are inboxing people, saying, ‘Subscribe to my trading strategy.’”
What shocked Terrett even more is that some of these followers have “three, four and five thousand followers.”
While it might feel kind of nice, she’s genuinely curious about how these impostors manage to amass such a following pretending to be her.
Terrett has amassed over 90,000 followers through her consistent commentary on the Ripple v. SEC lawsuit.
Her fanbase is ballooning so fast that people are blowing up her DMs for paid sponsorships, just like those fancy influencers.
But, for the moment, she’s not really vibing with the idea.
“I don’t want to promote anything at the moment; I have an employer, and, just right now, it’s just not for me. Maybe one day down the line, I don’t know. Maybe I’ll move jobs, or I’ll take up something else in the crypto space.”
However, she openly acknowledges that she receives heaps of requests to “partner up.”
When Terrett isn’t busy with her day job at Fox Business as a journalist and producer for Charlie Gasparino or seeking out the freshest crypto scoops for her followers, she enjoys giving back by spending time with animals.
“I volunteer at an animal shelter on the weekends because I just love animals, and I think they’re better than people.”
Yet a “definite career highlight” for her is receiving a cheeky follow from none other than Changpeng “CZ” Zhao, the CEO of Binance.
Furthermore, he gave her a shoutout and praised her social media commentary. Terrett explains that she cleared up a misconception for her Twitter (now X) followers: “[I further tweeted that] CZ doesn’t have to show up in person [for his court appearance]. He’s not going to be coming to the U.S. to testify. And I think he retweeted me and said, Eleanor’s got it right!”
However, she’s still keeping her fingers crossed for a follow from Coinbase CEO Brian Armstrong.
What led to Twitter fame?
Terrett says she only had a handful of Twitter followers before venturing into the world of crypto.
“I really credit my follower growth to crypto because now I’m over 90,000, which is mind-blowing to me. I look at it every day, and I’m like, ‘That is crazy.’”
She says it all began when pro-XRP lawyer John Deaton tagged Charlie Gasparino in a tweet, nine months after the SEC filed its lawsuit against Ripple.
Deaton urged him to take a peek at the Ripple v. SEC case. Deaton dubbed it the “biggest financial story of the century.”
Terrett explains that it was her job to really dig into the case, and that’s what got her hooked.
“It was a rundown of the Ripple case, how it came to be, the timeline, and all the key players involved,” she says.
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Terrett had no idea that her ongoing updates on the SEC v. Ripple case would eventually catapult her into the spotlight within the crypto industry.
“The lawsuit really got me interested in the whole space in the first place. And obviously, Ripple comes with the XRP community following, so that is sort of intertwined,” she explains.
Terrett explains that her increase in followers is simply the result of gradually building trust over time:
“I like to be reliable and trustworthy. So, it’s a cool cycle. I do good, and then people follow me. Crypto has been the catalyst for my followers, for sure.”
What content can people expect?
Terrett likes to focus on the legal and regulatory side of crypto and admits she isn’t really a “price analyst person.”
She declares that she keeps a vigilant eye on any new regulatory developments in the crypto world:
“So, for me, it’s mostly regulation and policy. So, anything that’s coming out of Washington to do with crypto, whether it’s the SEC, CFTC, the bills going on in Congress, it’s all very much from a policy standpoint.”
What do you enjoy on Twitter?
Terrett’s passion for crypto regulations means she enjoys keeping tabs on all the big shots in the U.S. government to ensure she doesn’t miss any juicy updates on what’s happening:
“So, it’s the Tom Emmers, the Bill Huizengas, Warren Davidsons — people who, if they’re gonna break news, they’ll probably break it on Twitter, right?”
She’s also got all the crypto exchange CEOs on her Twitter radar, making sure she doesn’t miss any hot gossip to share with her followers.
Predictions?
Terrett refrains from declaring any price predictions on crypto. However, you might catch an indirect hint of excitement about a crypto asset every now and then.
The day after Ripple scored a partial win against the SEC, she spilled the beans that a crypto exchange had a little hiccup, likely because of a crazy rush of people trying to buy XRP.
However, after diving headfirst into nearly every crypto-related court filing this year, she’s made some predictions about the industry for the next 12 months:
“I think the SEC has got a little bit of egg on its face in terms of its recent losses with crypto enforcement cases.”
Just like how taking baby steps can lead to success, Terrett firmly believes that all these little crypto victories, like Ripple’s recent victory, will stack up over time, creating a path to a more transparent industry.
She particularly notes the recent Uniswap class action lawsuit being thrown out as a good step forward for the industry:
“The judge said you can’t blame software for your losses. That was sort of a landmark case in that sense. That is basically what DeFi is, right? It’s software.”
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Altcoins may see a resurgence in the second quarter of 2025 as regulations for digital assets continue to improve, according to Swiss bank Sygnum.
In its Q2 2025 investment outlook, Sygnum said the space has seen “drastically improved” regulations for crypto use cases, creating the foundations for a strong alt-sector rally for the second quarter. However, it added that “none of the positive developments have been priced in.”
In April, Bitcoin dominance reached a four-year high, signaling that crypto investors are rotating their funds into an asset perceived to be relatively safer.
But Sygnum believes regulatory developments in the US, such as President Donald Trump’s establishment of a Digital Asset Stockpile and advancing stablecoin regulations, could propel broader crypto adoption.
“We expect protocols successful in gaining user traction to outperform and Bitcoin’s dominance to decline,” Sygnum wrote.
Increased focus on economic value ignites competition
Sygnum also said that competition would increase as the market focuses on economic value. Increased competition in a market often results in better products, ultimately benefiting consumers:
“The market’s increased focus on economic value compels greater competition for user growth and revenues, with rising protocols such as Toncoin, Sui, Aptos, Sonic, or Berachain taking different approaches.”
Sygnum added that while high-performance blockchains address limitations of the Bitcoin, Ethereum and Solana blockchains, these chains find it challenging to achieve meaningful adoption and fee income.
The report highlighted that some approaches have been more sustainable. These include Berachain’s approach of incentivizing validators to provide liquidity to decentralized finance (DeFi) applications, Sonic’s rewarding developers that attract and retain users, and Toncoin’s Telegram affiliation to access one billion users.
Aside from layer-1 chains, Sygnum highlighted that layer-2 networks like Base also have potential. The report pointed out that while the memecoin frenzy on the blockchain pushed its users and revenue to new highs, it made an equally sharp decline after memecoins started losing steam.
Despite this, Sygnum noted that Base remains the layer-2 leader in metrics like daily transactions, throughput and total value locked.
Related: Italy finance minister warns US stablecoins pose bigger threat than tariffs
Memecoins still a leading crypto narrative in Q1
Despite recent price declines, memecoins remained a dominant crypto narrative in Q1 2025. A CoinGecko report recently highlighted that memecoins remained dominant as a crypto narrative in the first quarter of 2025. The crypto data company said memecoins had 27.1% of global investor interest, second only to artificial intelligence tokens, which had 35.7%.
While retail investors are still busy with memecoins, institutions have a different approach. Asset manager Bitwise reported on April 14 that publicly traded firms are stacking up on Bitcoin. At least twelve public companies purchased Bitcoin for the first time in Q1 2025, pushing public firm holdings to $57 billion.
Magazine: Uni students crypto ‘grooming’ scandal, 67K scammed by fake women: Asia Express
It was perhaps not quite how officials, in London at least, had envisaged the announcement of the state visit would be made.
In the Oval Office, Donald Trump revealed the news in his own way.
“I was invited by the King and the great country. They are going to do a second fest – that’s what it is. It is beautiful,” he said during an impromptu Oval Office moment.
The question was, did this “fest” – which Mr Trump suggested could happen in September – amount to the much hyped second state visit for the American president?
Or was this actually just the smaller visit that had been offered two months ago as an initial bilateral visit at which the state visit would be discussed?
Back in February, Sir Keir Starmer presented the president with a letter from King Charles and the offer of a state visit.
The letter proposed an initial meeting between the King and the president to discuss details of the state visit at either Dumfries House or Balmoral, both in Scotland, close to Mr Trump’s golf clubs.
The King wrote: “Quite apart from this presenting an opportunity to discuss a wide range of issues of mutual interest, it would also offer a valuable chance to plan a historic second state visit to the United Kingdom… As you will know this is unprecedented by a US president. That is why I would find it helpful for us to be able to discuss, together, a range of options for location and programme content.”
As he revealed the news of his “fest” with his “friend Charles”, Mr Trump said: “I think they are setting a date for September…”
Sources have since confirmed to Sky News that it will amount to the full state visit.
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Sir Keir Starmer handed Trump the invite earlier this year. Pic: Reuters
‘Even more important’
It’s possible the initial less formal presidential trip may still happen between now and September. Mr Trump is in Europe for the NATO summit in June and is due in Scotland to open a new golf course soon too.
“It is the second time it has happened to one person. The reason is we have two separate terms, and it’s an honour to be a friend of King Charles and the family, William,” the president said.
“I don’t know how it can be bigger than the last one. The last one was incredible, but they say the next one will be even more important.”
His last state visit in 2019, at the invitation of the late Queen, drew significant protests epitomised by the giant blow-up “Baby Trump” which floated over Parliament Square.
The president was hosted by the Queen in June 2019. Pic: Reuters
Britain’s trump card
September is a little earlier than had been expected for the visit. It may be an advantage for it to happen sooner rather than later, given the profoundly consequential and controversial nature of the first few months of his second term.
The decision by the British government to play its “state visit trump card” up front back in February drew some criticism.
And since February, Mr Trump’s position on numerous issues has been increasingly at odds with all of America’s allies.
On Ukraine, he has seemingly aligned himself closely with Vladimir Putin. His tariffs have caused a global economic shock. And on issues like Greenland and Canada, a member of the Commonwealth, he has generated significant diplomatic shock.
A risk worth taking
Mr Trump is as divisive among the British public as he is in America. Sir Keir is already walking a political tightrope by choosing the softly softly approach with the White House.
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The UK government chose not to retaliate against Mr Trump’s tariffs, unlike some allies. Sir Keir and his cabinet have been at pains not to be seen to criticise the president in any way as they seek to influence him on Ukraine and seek an elusive economic deal on tariffs.
On that tariff deal, despite some positive language from the US side and offers on the table, there has yet to be a breakthrough. A continuing challenge is engaging with the president for decisions and agreements only he, not his cabinet, will make.
British officials acknowledge the risk the state visit poses. In this presidency, anything could happen between now and September.
But they argue British soft power and Mr Trump’s fondness for the Royal Family and pomp – or a “fest” as he calls it – amount to vital diplomatic clout.
For a special relationship under strain, a special state visit is the tonic.
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