Elon Musk is considered a fan of the crypto market and the Dogecoin altcoin – something he actively tweeted about as recently as last year. Previously, many speculated that if the billionaire became the head of the company, it would accelerate processes related to the development of cryptoprojects integrated into the social platform. That said, Rinearson’s resignation shows that the release of something crypto-related from Twitter can’t be expected anytime soon.

And that sounds strange, because Binance allocated $500 million to acquire Twitter specifically to promote cryptocurrencies among users of the social platform. However, even if there is no support for cryptocurrency wallets there, the social network could also be used to promote proper knowledge about digital assets and how to handle them.

Former Twitter CEO and co-founder Jack Dorsey

This is not Musk’s first misstep as Twitter’s chief executive. Initially, he said that the introduction of an $8 paid blue identity verification tick would kill cryptocurrency spam. However, as current events show, even if scammers bypass verified accounts, they are successfully employing common bots.

The latter’s comments are visible under almost every crypto celebrity’s tweets, so Musk is clearly in no hurry to combat the problem.

An example of fraudsters posting on Twitter

When will cryptocurrencies appear on Twitter

As a reminder, Rinearson has held her post at the company for just over a year. In conjunction with her departure, she posted the following post on Twitter. The remarks are quoted by Decrypt.

I’m very proud of all of the cryptocurrency department’s endeavours on Twitter, and I’m sad that I won’t get to see it all through. But there are still a lot of brilliant thoughtful people at the company and I’m always rooting for them.

Tess Rinearson’s Twitter profile

Rinearson’s profile description also appeared to mention that she “didn’t push the button”. This is likely a reference to Ilon Musk’s new policy. He recently announced that all those Twitter workers who want to stay in their jobs must commit to a new “extremely hardcore” work culture, that is, work more than the norm. Their agreement is confirmed by clicking “Yes” on the survey form sent out.

Here’s a quote from an email to employees from Ilon Musk

In the future, to create a breakthrough Twitter 2.0 and succeed in an increasingly competitive world, we will have to be extremely tough. This will mean long hours of high-intensity work. Only exceptional performance will give you a passing grade.

Those who refuse their CEO’s new strategy will be dismissed with a three-month stipend. Meanwhile, Twitter’s workforce has already been significantly reduced: many members of the company’s senior management have lost their positions, and Rinearson has left with them. According to sources, she previously worked as vice president at cryptocurrency companies Interstellar, Interchain and Chain.

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There seems to be a tense atmosphere in Twitter’s offices right now, with many employees openly expressing their dislike for the social platform’s new owner. Earlier a projector on the wall of the San Francisco office displayed a running line of insults against Musk, calling him a “worthless megalomaniac billionaire”.

The ticker on the wall of Twitter’s office

Recall that last year Twitter implemented a number of features related to cryptocurrencies. These included integrating NFTs to showcase them on users’ pages, adding Bitcoin and Etherium wallet addresses to profiles, and the ability to tip other users in BTC. Earlier this month, however, reports emerged that development of the planned cryptocurrency wallet feature for the platform had been put on hold since Musk took over the company.

NFT avatar on Twitter

Given the tensions and even some animosity within Twitter’s corporate environment, the company is unlikely to tackle crypto anytime soon. At the very least, Musk now needs to address staffing issues and maximise productivity before moving directly into integrating innovation.


We don't think we should expect to integrate cryptocurrency features into Twitter anytime soon. As Elon Musk has shown over the weeks, it was more important for him to restore former US President Donald Trump's account than to deal with the cryptospam issue, of which he is well aware. Also adding to Musk's reputation problems has been the integration of paid verification ticks, which anyone with $8 in their pocket can get. Previously they were reserved for celebrities, but now there are many more such accounts. And some of them only have hundreds of subscribers, which means that in theory they can be used for spamming, too.