Elon Musk's Twitter, the Crypto Community's Hub, Welcomes a New CEO

Elon Musk took to Twitter on Thursday to reveal that the popular social media platform serving as the central hub for the cryptocurrency industry has selected a new CEO.

Despite not revealing the identity of the new CEO, Musk did confirm that the individual would start their new position in around six weeks' time. However, The Wall Street Journal has reported that discussions are currently taking place with Linda Yaccarino, a former executive at NBC Universal, regarding her potential appointment to the position.

After purchasing Twitter last year and conducting a poll that indicated the need for a new CEO, Musk announced his plan to transition to the positions of executive chairman and chief technology officer at the company.

Although Twitter is not primarily focused on cryptocurrency, a significant amount of the industry's public disclosures and conversations happen on the platform, commonly known as "Crypto Twitter." As a result, Musk's announcement has piqued the interest of digital asset enthusiasts.

There are indications that Twitter may be looking to increase its involvement with cryptocurrency. In April, the platform temporarily changed its logo to feature the dog mascot associated with dogecoin (DOGE), a meme-based cryptocurrency that Musk has endorsed. Additionally, earlier this year, the Financial Times reported that Twitter was developing a payment system that could potentially incorporate cryptocurrencies.

Source Coindesk