In a recent turn of events, the Twitter handle @X was reportedly confiscated and offered to the user as some sort of prize, including merchandise and a visit to the company’s headquarters. As per a narrative shared on the alternative social media platform, Stacker.News, representatives of X sent an email to a user that had initially registered the @X Twitter handle, informing them of the sudden takeover.
It comes after Elon Musk announced a complete rebranding of the 17-year-old social media platform under the banner of ‘X’, building anticipation around his plans to expand it into a wider ecosystem. The account holder was informed that their handle was now ‘tied to X Corp’ and was promptly offered a new user handle, ensuring that their followers and following data would be transferred seamlessly.
Interestingly, X didn’t offer the user any monetary compensation. Instead, they were offered a selection of branded merchandise and an exclusive visit to the company’s headquarters located in San Francisco. There’s uncertainty regarding the authenticity of the email as the team at X has been contacted but yet to provide verification.
On a different note altogether, Brian Armstrong, the CEO of Coinbase has implored US citizens to contact their representatives to cast a ‘yes’ vote for the Financial Innovation and Technology for the 21st Century Act (FIT21). The bill seeks to provide regulatory clarity for crypto firms in the United States, delineating the jurisdictions between securities and commodities regulators.
Armstrong passionately expressed on his Twitter handle that as the voting progresses Americans can influence their representatives to vote ‘yes’ for FIT21. According to him, the bill will ensure protection for digital assets, foster innovation, and enhance national security. Furthermore, he believes it carries the potential to create job opportunities, hinting it could persuade US-based crypto companies considering other jurisdictions to stay, continuing with native talent employment.
Yet, in the face of regulatory uncertainty, crypto giants have started exploring fertile global platforms. Coinbase CEO himself was in the United Arab Emirates possibly testing its viability as a hub for his firm. Meanwhile, the Gemini crypto exchange picked Ireland as its European headquarters. But despite the challenges, Coinbase has persistently endeavored to engage with U.S. regulators.
In essence, these developments encapsulate the intrigue, opportunities, and challenges native to the crypto realm, blending moments of excitement, apprehension, and suspense. The future, they say, is both alluring and uncertain.
Source: Cointelegraph
