Messari’s pro-Trump CEO Ryan Selkis steps down after controversial tweets — here’s what happened

As someone who has been following the crypto space for years and witnessed its transformation from a niche market to a global phenomenon, I can’t help but feel disheartened by the recent turn of events. The actions of figures like Ryan Selkis, while perhaps fueled by passion and conviction, have brought negative attention to our community at a time when we should be focusing on building a better future for all.

How Ryan Selkis’s tweets escalated from personal grievances to staunch political statements to, ultimately his exit

Ryan Selkis, the founder and former CEO of Messari, suddenly stepped down after a series of inflammatory and disputed tweets sparked controversy within the cryptocurrency sphere.

On July 19th, Selkis made known his decision, expressing the need to concentrate on crypto regulations and country-level matters. Following heavy public criticism, he resigned from his position, leaving Messari at a pivotal point. In his absence, Chief Revenue Officer Eric Turner assumes the role of interim CEO.

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Renowned for his astute understanding of cryptocurrencies, Selkis has found himself amidst contentious social media debates on several occasions. However, the most recent flare-up reached unprecedented intensity, eventually resulting in his exit.

Following the assassination attempt on ex-President Donald Trump, Selkis’s latest rage was unleashed, resulting in a series of fiery tweets.

Selkis’s tweets encompassed a variety of topics, from sharing personal concerns to expressing strong political views, which sparked significant reactions among crypto community members.

On the 18th of July, Selkis shared on Twitter that he had a frank discussion with Messari’s management team. He was thankful for those who reached out to him constructively and offered assistance to keep him in check.

He confessed to pushing things too far and vowed to deal with the issue thoroughly in the near future, suggesting the presence of internal conflicts at Messari.

On the subsequent day, July 19, Selkis expressed heartfelt regret in a public statement. He confessed to harboring anger and admitted to having deep respect for President Trump. The latter’s brush with death after a decade of animosity left a profound impact on him.

I’d be happy to help you explore the details behind Selkis’ departure from the crypto world and gain a deeper understanding of his perspectives. Let’s dive into the intricacies of the situation and examine why things unfolded as they did according to Selkis’ account.

Here is how it all started… and ended

With a significant following of approximately 354,000 people on Twitter, Selkis stands out as a prominent influencer in the crypto community. His impactful efforts have played a pivotal role in bringing cryptocurrency to the center of attention during the 2024 election, skillfully executing a well-planned strategy.

He significantly contributed to strengthening FairShake, a political action committee accumulating large sums, in order to back politicians favorable towards cryptocurrencies.

Selkis’s strong relationships with notable individuals such as Brian Armstrong, CEO of Coinbase, and Fred Ehrsam, a venture capitalist,, coupled with financial support from esteemed entities like Mike Novogratz’s Galaxy Digital and angel investor Balaji Srinivasan, firmly establish his position within the crypto community.

Selkis has a history of stirring up debates. His candid and provocative statements, which can be harshly criticizing, include referring to certain national leaders as “weaklings.”

He frequently targets Gary Gensler, the chairman of the US Securities and Exchange Commission (SEC), with criticism, using derogatory terms such as “rat” and “snake.”

After the recent attempt on former President Donald Trump’s life, Selkis stirred up controversy with a string of inflammatory tweets.

As a crypto investor, I might express my strong opinion about a particular topic in a more polite and less offensive way than the original quote. “I strongly disagree with those who continue to oppose Trump at this point. In my opinion, they are making a mistake.”

As someone who has studied the history of political discourse, I find it deeply concerning to witness such divisive language being used in contemporary politics. The statement “The Civil War for the country started today, and if you are anti-Trump you are against the men who are willing to fight” is not only inflammatory but also dangerous.

Based on my observation of history and my belief in the value of peaceful resolutions, I strongly disagree with the idea that violence is the only solution to combat the spread of ideologies like Bolshevism. As someone who has studied the historical consequences of political unrest and armed conflicts, I’ve come to appreciate the importance of dialogue, diplomacy, and democratic processes in addressing societal issues.

Selkis’ inflammatory tale didn’t end there. He intensified his speech by proposing that unity could only be achieved following a decisive win. He drew parallels between the present situation and pivotal historical conflicts in 1776, 1860, and 1942.

“I’m hoping for tranquility, but I’m also gearing up for potential hostilities.”

And the saga continued…

As a researcher, I’ve come across various perspectives regarding a heated debate on Twitter. One user, named AdrianoFeria.eth, voiced his criticism towards Selkis’ provocative statements. AdrianoFeria.eth is an immigrant who relocated to the USA from Brazil, and he strongly condemned Selkis for propagating harmful and reckless language.

Selkis’ remarks concerning the possibility of civil unrest and violence were deemed “provocative” and “unpatriotic” by him, advocating instead for a more tempered response to political disputes.

Selkis’ reaction was far from restrained. He disregarded AdrianoFeria.eth’s criticism as the most unintelligent he had encountered and raised doubts about the user’s nationality being American.

Selkis asked on Twitter, “Are you a citizen of the United States?” and insinuated that AdrianoFeria.eth’s immigrant background made him unqualified to discuss American politics. He went on to state, “If Trump gets assassinated, there will be a civil war in the U.S.”

As someone who has devoted a significant portion of my career to immigration law, I can’t help but feel dismayed and troubled by Selkis’ response to AdrianoFeria.eth’s situation. The fact that Adriano was on the verge of applying for citizenship, having already gone through the rigorous process of becoming a green card holder, only adds to the gravity of the situation.

He drew a controversial likeness between Trump’s attempted assailant and Senator Elizabeth Warren, employing the term “physiognomy” to suggest a striking similarity in appearance, which left many people feeling deeply upset.

The criticism against Selkis intensified when Suji Yan, Mask’s CEO, openly criticized his actions. Yan declared that Mask would put a hold on any business dealings with Messari and urged partners to reconsider their connections with him.

Other users resonated with Yan’s action and pledged to disassociate from Messari, while criticizing Selkis for his harsh words.

Make crypto great again?

As the 2024 election approaches, the political scene is growing more intense. Supporters of different candidates are vigorously promoting their agendas, and the significance of the upcoming vote cannot be overstated. Be it politicians, fans, or behind-the-scenes players, everyone appears to be motivated by personal interests.

During Trump’s shift in position regarding cryptocurrencies, and following the SEC’s green light for Bitcoin and recently Ethereum spot ETFs in early 2021, the landscape for a crypto-focused presidential election has been established.

In the midst of the ongoing turmoil, individuals such as Ryan Selkis have been actively advocating for their respective agendas. This could be driven by a desire for public recognition, personal gain, or a strong conviction in their beliefs. Selkis’s recent resignation under controversial circumstances further intensifies the confusion and apprehension within the cryptocurrency community.

It’s unclear whether everyone’s support for their beliefs in the crypto world is sincere or if power and influence are major motivating factors. The boundary between the two is becoming more indistinct, and what is certain is that cryptocurrencies are playing an increasingly significant role in political affairs.

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2024-07-19 19:27