Updated on:12/05/2025 05:18 PM 
Elon Musk announced on May 10 that he has selected a new CEO to lead Twitter, sparking speculation about the platform's future direction in the cryptocurrency and blockchain space.
Musk shared in a tweet that the incoming CEO will assume their role within weeks, marking a significant transition for the social media platform's digital asset initiatives.
The tech entrepreneur clarified that he will maintain his position as executive chairman and CTO, continuing to oversee product development, software architecture, and system operations - all crucial areas for any potential blockchain integration.
Industry analysts suggest that Musk's tweet hinting at a female CEO aligns with earlier rumors pointing toward former Meta COO Sheryl Sandberg. While neither Musk nor Twitter has officially confirmed the selection, the crypto community eagerly awaits how this leadership change might affect Twitter's approach to digital currencies and NFTs.
Musk assumed the CEO role in October 2022 following his controversial acquisition of Twitter after months of negotiations and apparent deal cancellations that sent shockwaves through the cryptocurrency markets.
Initially, Musk's acquisition of Twitter was anticipated to accelerate the integration of cryptocurrency and blockchain technologies - including Dogecoin payment systems - into the social media ecosystem.
However, recent developments suggest a reduced emphasis on crypto initiatives under Musk's tenure. The most notable partnership in recent months was with stock and crypto trading platform eToro in April. Additionally, Twitter briefly featured the Dogecoin logo as its profile picture, creating temporary buzz in the crypto community.
Many of Twitter's existing cryptocurrency features, such as crypto tipping functionality and NFT profile picture support, were implemented under Tess Rinearson, who headed Twitter's crypto division until November 2022 during Jack Dorsey's leadership.
Given Elon Musk's continued involvement in Twitter's operations, the platform's strategic direction regarding blockchain technologies and digital assets is unlikely to undergo significant transformation despite the leadership change, leaving cryptocurrency enthusiasts to watch closely how Twitter's Web3 ambitions evolve.
