Ryan Selkis Quits as Messari CEO Following Inflammatory Tweets

"This week was the first week in 6.5 years that my politics and rhetoric put the team in [harm's] way," he wrote. "As such, I have decided to step aside as CEO."

AccessTimeIconJul 19, 2024 at 3:11 p.m. UTC
Updated Jul 19, 2024 at 4:49 p.m. UTC

Ryan Selkis stepped down as CEO of Messari, the crypto data and research firm he co-founded, following a series of inflammatory tweets about politics, civil war and his desire for an immigrant to get expelled from the country.

He announced his departure Friday on X, the social media platform where he pumped out a flood of controversial messages this week.

  • Breaking Down Bitcoin's Selling Pressure
    01:11
    Breaking Down Bitcoin's Selling Pressure
  • Crypto and the Election: All You Need to Know Ahead of November
    02:13
    Crypto and the Election: All You Need to Know Ahead of November
  • From Millions to Billions: The Crypto Wealth Explosion
    05:20
    From Millions to Billions: The Crypto Wealth Explosion
  • Tokenized Treasury Funds Pass $2B Market Cap on BlackRock’s Explosive Growth
    01:11
    Tokenized Treasury Funds Pass $2B Market Cap on BlackRock’s Explosive Growth
  • "This week was the first week in 6.5 years that my politics and rhetoric put the team in [harm's] way," he wrote. "As such, I have decided to step aside as CEO."

    Never a stranger to launching insults on X, he amped up his comments after last weekend's assassination attempt on Donald Trump. "Anyone that votes against Trump at this point can die in a f*cking fire," he posted on X the afternoon of the shooting. "Literal war."

    He also told an immigrant via X: "I hope we send you back. ... You are not entitled to citizenship. I hope it stays that way."

    On Friday, as he announced his resignation, Selkis said that following the attempt on Trump's life, he had "been disgusted at the media and administration's abject failures at pressing for answers in the attack's aftermath, as well as their failure to tamp down divisive rhetoric that contributed to the attack in the first place."

    In addition to building Messari, Selkis laid much of the groundwork for the crypto industry's political fundraising in the U.S. this year. He is a former CEO of CoinDesk.

    A decade ago, as an independent blogger, Selkis published documents revealing the insolvency of Mt. Gox, the crypto exchange that later went bankrupt.

    Messari said Friday that Chief Revenue Officer Eric Turner will serve as interim CEO. "Ryan recently let us know of his decision to step back from an operational role as the CEO of Messari so that he can focus his time fully on crypto policy and national issues of importance to him," the company posted on X.

    Selkis was back tweeting about "national issues of importance to him" right after quitting.

    "I beat @JoeBiden. Again," he wrote.

    Marc Hochstein contributed to this story.

    UPDATE (July 19, 2024, 15:52 UTC): Adds another tweet from Ryan Selkis.

    UPDATE (July 19, 2024, 16:41 UTC): Adds background on Ryan Selkis.

    Edited by Sheldon Reback.


    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Nick Baker

    Nick Baker is CoinDesk’s deputy editor-in-chief and a Loeb Award winner. He owns more than $1,000 of BTC and SOL.