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Crypto CEOs flock to follow Trump after his Twitter reinstatement

Twitter founder Jack Dorsey and a number of crypto execs followed the account of former President Donald Trump after it was reinstated earlier on Sunday.

Along with founder and current Block CEO Dorsey, Robinhood CEO Vlad Tenev, Gemini co-founder Cameron Winklevoss and Charles Hoskinson, the founder of Cardano, have all followed Trump in the last few hours, according to an account that tracks the Twitter activity of key players in the blockchain industry.

Cardano’s Hoskinson later marked the occasion by tweeting out a poll asking users if Twitter’s new CEO Elon Musk might redistribute his followers to fellow Republican nominee hopeful Ron DeSantis. Earlier this month, Trump announced a 2024 presidential bid.

Alogrand interim CEO W. Sean Ford, Grayscale CEO Michael Sonnenshein, Bitfury boss Brian Brooks and the former CEO of the FTX’s sister company, Alameda Research, also clicked the follow button on Trump’s account.

The former president’s attitude toward crypto is unclear. Trump said he was “not a fan” of bitcoin or other cryptocurrencies in 2019, and has more recently called the tech a “scam.” Still, some of the regulators that he appointed during his administration have gone on to work for crypto companies. Former first lady Melania Trump also released her own NFT collection last December.

The interest in Trump’s reignited presence on the platform from key figures in the crypto community follows a Twitter poll set up by Musk that narrowly approved his reinstatement. Trump’s account on the platform was removed by Twitter in what was understood to be a “permanent suspension” after riotous events that took place in the U.S. Capitol last year on Jan. 6.

Musk took control of the social media platform last month. Since then, the platform has been plagued by internal strife and rampant staff reductions, with Twitter’s crypto boss leaving the company on Friday.

   

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