Fox Business producer Eleanor Terrett’s following exploded after she began providing commentary on the SESC v. Ripple lawsuit.
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 dont have a private profile; I will never reach out to you, Terrett tells Magazine.
However, she warns that if youre on the hunt for the next runaway altcoin, its probably not going to be her who finds it for you.
I dont have stock trading tips or crypto trading tips, Terrett declares.
Its a pity she cant say the same for all those impersonators floating around out there: Theyre 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, shes genuinely curious about how these impostors manage to amass such a following pretending to be her.
My biggest take away from these #HinmanEmailsis that it seems @SECGovofficials who weighed in on the speech believed the goal was to provide market guidance and tried to write it in a way that would convey that. Thus, in the @Ripplecase, the SEC lawyers argument that the
— Eleanor Terrett (@EleanorTerrett) June 13, 2023
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, shes not really vibing with the idea.
I dont want to promote anything at the moment; I have an employer, and, just right now, its just not for me. Maybe one day down the line, I dont know. Maybe Ill move jobs, or Ill take up something else in the crypto space.
However, she openly acknowledges that she receives heaps of requests to partner up.
When Terrett isnt 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 theyre 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 doesnt have to show up in person [for his court appearance]. Hes not going to be coming to the U.S. to testify. And I think he retweeted me and said, Eleanors got it right!
The lawsuit isnt just against @BinanceUS. Its against @binance, BAM trading, @BinanceUSand @cz_binance.
— Eleanor Terrett (@EleanorTerrett) June 5, 2023
However, shes 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 Im over 90,000, which is mind-blowing to me. I look at it every day, and Im like, That is crazy.
She says it all began when pro-XRP lawyer John Deatontagged 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.
@LizClaman@CGasparino
You have the opportunity to report on one of the biggest financial stories in recent memory.
Will you? https://t.co/J2oOjY6r9S
— John E Deaton (@JohnEDeaton1) September 14, 2021
Terrett explains that it was her job to really dig into the case, and thats 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.
not a security. The fact that Ripple sought such advice in 2012 should be applauded. That fact that it took the SEC eight years to suggest they disagreed with that analysis – while XRP traded in a massive global market – is baffling.
— Eleanor Terrett (@EleanorTerrett) February 18, 2022
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, its 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 isnt 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, its mostly regulation and policy. So, anything thats coming out of Washington to do with crypto, whether its the SEC, CFTC, the bills going on in Congress, its all very much from a policy standpoint.
NEW: A source close to @binanceon whether the exchange plans to join @coinbasein suing the @SECGov.
Company leadership is highly supportive of Coinbase and their efforts to bring reason and clarity to U.S. crypto regulations. However, the company is still dealing with the
— Eleanor Terrett (@EleanorTerrett) April 25, 2023
What do you enjoy on Twitter?
Terretts passion for crypto regulations means she enjoys keeping tabs on all the big shots in the U.S. government to ensure she doesnt miss any juicy updates on whats happening:
So, its the Tom Emmers, the Bill Huizengas, Warren Davidsons people who, if theyre gonna break news, theyll probably break it on Twitter, right?
Shes also got all the crypto exchange CEOs on her Twitter radar, making sure she doesnt miss any hot gossip to share with her followers.
NEW: The @SECGovhas just delayed the @ARKInvest/@21Sharesand @GlobalXETFs's $BTCSpot ETF filings.
Is this the SEC trying to get ahead of a possible government shutdown on Friday? Will we see more delays in the coming days? https://t.co/YzGi7RbAQA
— Eleanor Terrett (@EleanorTerrett) September 26, 2023
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.
NEW: Im being told the crypto exchange @UpholdIncis currently down. Its one of the only exchanges in the U.S. currently offering #XRPto retail investors.
I would say people are trying to buy right now.
— Eleanor Terrett (@EleanorTerrett) July 13, 2023
However, after diving headfirst into nearly every crypto-related court filing this year, shes 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 Ripples 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 cant blame software for your losses. That was sort of a landmark case in that sense. That is basically what DeFi is, right? Its software.
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