Trump’s XRP Endorsement Influenced by Ripple-Linked Lobbyist
- In March, Trump endorsed XRP, Solana, and Cardano for a US crypto reserve.
- The endorsement was influenced by a lobbyist from Ballard Partners linked to Ripple Labs.
- Trump felt manipulated after learning of the connection to Ripple.
- Ballard Partners gained 130 new clients with $14 million revenue in Q1 2025 despite the incident.
- Trump signed an order creating a Bitcoin reserve funded by seized crypto assets.
After discovering the influence behind his endorsement of XRP, Trump expressed anger over the undisclosed connection to Ripple Labs and subsequently ordered the creation of a Bitcoin reserve using seized crypto assets. Despite the controversy, Ballard Partners continued to thrive financially.
Source (2.6)https://cryptobriefing.com/trump-ripple-lobbyist-controversy/?rand=59535
