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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Binance is set to implement new compliance measures for South African users, requiring sender and receiver information for all crypto deposits and withdrawals.
In an announcement on April 23, the largest exchange in terms of daily trading volume of cryptocurrencies said the move comes in response to local regulatory demands.
Starting April 30, Binance users in South Africa will be prompted to provide additional information when transferring crypto.
For deposits, users must disclose the sender’s full name, country of residence, and, if applicable, the name of the originating crypto exchange. Similarly, withdrawals will require beneficiary details before processing.
The update will only impact crypto deposits and withdrawals, leaving trading and other platform features unaffected.
Related: US judge transfers Binance lawsuit to Florida, citing first-to-file rule
Missing transfer details may reverse transactions
Binance warned that failure to provide the required information may result in delayed transactions or, in some cases, a return of funds to the sender.
In preparation for the rollout, users will need to re-login to their accounts starting April 24.
The change comes as South Africa moves to boost oversight of the rapidly moving crypto sector.
On April 2, Bloomberg reported that South Africa’s Revenue Service (SARS) is urging individuals, crypto exchanges and intermediaries involved in crypto transactions to register with the authority, warning that failure to do so is now illegal.
In March, the Financial Sector Conduct Authority (FSCA) of South Africa issued a public warning against two unlicensed crypto firms, Afriinvest and Mutualwealth, accusing them of soliciting investments while promising unrealistic returns of up to 10,000 rand ($542) per day.
Related: Binance, KuCoin, MEXC report service issues due to AWS network interruption
South Africa pushes to become key crypto hub
Emerging economies across Africa, particularly South Africa, are positioning themselves as potential digital asset hubs amid growing regulatory clarity, Ben Caselin, chief marketing officer (CMO) of Johannesburg-based crypto exchange VALR, told Cointelegraph in September 2024.
Caselin said that South Africa’s strong legal framework and ease of business make it a key entry point for crypto expansion across the continent.
The South African crypto market is projected to generate $278 million in revenue in 2025, with expectations to grow at a compound annual growth rate (CAGR) of 7.86% and reach $332.9 million by 2028, according to Statista.
Regulatory momentum is increasing, with the FSCA approving 59 crypto platform licenses in March 2024, while over 260 applications remain under review.
Cointelegraph contacted Binance for comments but did not receive a response by publication.
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Robert Jenrick has vowed to “bring this coalition together” to ensure that Conservatives and Reform UK are no longer fighting each other for votes by the time of the next election, according to a leaked recording obtained by Sky News.
The shadow justice secretary told an event with students last month he would try “one way or another” to make sure Reform UK and the Tories do not compete at another general election and hand a second term in office to Keir Starmer in the process.
In the exclusive audio, Mr Jenrick can be heard telling the students he is still working hard to put Reform UK out of business – the position of the Tory leader Kemi Badenoch.
Shadow justice secretary Robert Jenrick. Pic: PA
However, more controversially, the comments also suggest he can envisage a time when that position may no longer be viable and has to change. He denies any suggestion this means he is advocating a Tory-Reform UK pact.
Follow the latest politics news here
The shadow justice secretary came second to Mrs Badenoch in the last leadership contest and is the bookies’ favourite to replace her as the next Conservative leader.
Robert Jenrick lost the Tory leadership contest to Kemi Badenoch. Pic: PA
Speaking to the UCL Conservative association dinner in late March, he can be heard saying: “[Reform UK] continues to do well in the polls. And my worry is that they become a kind of permanent or semi-permanent fixture on the British political scene. And if that is the case, and I say, I am trying to do everything I can to stop that being the case, then life becomes a lot harder for us, because the right is not united.
“And then you head towards the general election, where the nightmare scenario is that Keir Starmer sails in through the middle as a result of the two parties being disunited. I don’t know about you, but I’m not prepared for that to happen.
“I want the fight to be united. And so, one way or another, I’m determined to do that and to bring this coalition together and make sure we unite as a nation as well.”
This is the furthest a member of the shadow cabinet has gone in suggesting that they think the approach to Reform UK may evolve before the next general election.
Last night, Mr Jenrick denied this meant he was advocating a pact with Reform UK.
Read more:
Badenoch dismisses ‘threat’ from Jenrick
Your ultimate guide to the local elections
A source close to Mr Jenrick said: “Rob’s comments are about voters and not parties. He’s clear we have to put Reform out of business and make the Conservatives the natural home for all those on the right, rebuilding the coalition of voters we had in 2019 and can have again. But he’s under no illusions how difficult that is – we have to prove over time we’ve changed and can be trusted again.”
Mrs Badenoch has said in interviews that she cannot see any circumstances that the Tories under her leadership would do a deal with Reform UK.
Reform UK leader Nigel Farage. Pic: PA
In next week’s local elections, Reform UK will compete directly against the Tories in a series of contests from Kent to Lincolnshire. At last year’s general election, in more than 170 of the 251 constituencies lost by the Conservatives the Reform vote was greater than the margin of the Tories’ defeat.
Today’s YouGov/Sky voting intention figures put Reform UK in front on 25%, Labour on 23% and the Conservatives on 20%, with the Lib Dems on 16% and Greens on 10%.
The US Securities and Exchange Commission has said it doesn’t intend to refile its securities fraud complaint against Hex founder Richard Schueler, who goes by Richard Heart.
“Plaintiff Securities and Exchange Commission provides this notice that it does not intend to file an amended complaint in this matter,” the regulator’s lawyer, Matthew Gulde, stated in an April 21 letter to New York District Court Judge Carol Bagley Amon.
The court had previously dismissed the SEC’s original complaint on Feb. 28 as Judge Amon said the regulator failed to establish that it had jurisdiction over Heart’s activities, which she said were not specifically targeted at US investors.
She granted leave for the SEC to file an amended complaint by March 20, later extending the deadline to April 21.
Heart posted to X on April 22 that “Richard Heart, PulseChain, PulseX, and HEX have defeated the SEC completely and have achieved regulatory clarity that nearly no other coins have.”
Heart added that the SEC walked away from some of its other cryptocurrency cases voluntarily, but claimed his was the only case where “the SEC lost and crypto won across the board, with a dismissal in court of every single claim the SEC brought.”
Heart said it was a victory for open-source software, cryptocurrency and free speech because the SEC “actually sued software code itself in this case.”
SEC hunted Heart in Finland
The SEC sued Heart in July 2023 for alleged unregistered securities offerings of three tokens, HEX, PulseChain (PLS), and PulseX (PSLX), claiming he made more than $1 billion by touting the tokens as a “pathway to grandiose wealth for investors.”
In April 2024, Heart tried to have the suit tossed, claiming the regulator “has no sway over him,” because he didn’t reside in the United States.
Related: Finnish police seize watches worth $2.6M from Hex founder Richard Heart: Report
The SEC opposed this in August, claiming he touted the tokens at a Las Vegas event. In December 2024, Interpol issued a Red Notice for Heart, seeking his arrest in Finland, where he was also suspected of tax evasion.
The PulseChain native token (HEX) hit an all-time high of $0.031 in December 2024 but has since tanked 76% as most altcoins have failed to follow Bitcoin’s momentum this year.
The SEC has dropped or suspended several cases against crypto firms so far this year under the Trump administration.
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