XRP took the spotlight early on Sunday, March 2, when President Donald Trump, publishing on Truth Social, urged the creation of a “strategic cryptore” which would hold the token alongside Solana and Cardano – only to learn hours later that the move had discreetly advanced the interests of Ripple Labs, a paid customer of the lobbyist Brian Ballard, President, like an help, played that, “played”.
Here's how Trump's post XRP was made
The incident began in Mar-A-Lago, where a member of Ballard Partners personnel has repeatedly pressed Trump to publish a pre-remedied language praising specific digital assets, as a politico reports. After two brushes, the president gave the text to an assistant and the message was put online:
“An American crypto reserve will raise this critical industry after years of corrupt attacks by the Biden administration, which is why my decree on digital assets ordered the presidential working group to progress on a cryptographic strategic reserve which includes XRP, Sol and Ada. I will make sure that the United States is the cryptographic capital of the world. We realize America again! ”
A few moments later, West Wing officials realized that Ripple was sitting on Ballard's list, causing immediate anger. “He had the impression that he had been used,” said two familiar officials with the reaction. Trump evacuated: “He is no longer welcome in anything”, effectively freezing Ballard from the White House meetings.
The White House “Crypto Czar” David Sacks phoned the chief of staff Susie Wiles in a few minutes, warning the counterpart post of a summit of the Crypto government planned for the following week. Trump published another article: “And, obviously, BTC and ETH, as other precious cryptocurrencies, will be the heart of the reserve. I also love Bitcoin and Ethereum!”
Wiles followed the prompt return to the employee of Ballard, and a senior assistant castigated the lobbyist by phone for “Hawking his client”. Staff instructions quickly followed: more meetings with Ballard.
Ballard insisted for Politico to speak of a frost is exaggerated: “We are used to false accusations … Despite these anonymous sources, Ballard Partners will continue to provide results.” He cited invitations to collect post-invitation funds and a call planned with a senior official as proof that he is not personalized non-Grata. However, several of its customers have discreetly approached other Trump allies to guarantee the front time – an implicit recognition that access is now to a bonus.
Trump's Ripple's nuptial parade is prior to the shutter. Legal director Stuart Alderoty donated more than $ 300,000 to the pro-Trump committees in 2024; Ripple has contributed $ 5 million to XRP to the inaugural fund and remains a main funder for the FAIRSHAKE PAC.
If these links explain the main role of XRP remain uncertain, but on March 6, the president signed an executive decree establishing a federal “storage of digital assets”, echoing the reserve concept which triggered tumorfin, but with a major difference: the strategic reserve is the purchase of BTC and maintenance. The crypto stock is owned or sold only.
At the time of the press, XRP exchanged $ 2.29.
Star image created with dall.e, tradingView.com graphic
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