Key dealers
- Trump felt manipulated after discovering that his post was affected by a lobbyist linked to Ripple Labs.
- Ballard Partners, despite the incident, received 130 new customers with revenue of $ 14 million during the first quarter of 2025.
In March, Trump shocked the crypto community after public Supports XRPSoana and Cardano for a proposed US Crypto Reserve – now a new report suggests that he did not get the whole story.
Politician revealed Thursday that the service, intended to signal Trump’s support for a “crypto strategic reserve”, was orchestrated by an employee by Ballard Partners, a company with ties to Ripple Labs, the company behind XRP.
The lobbyist, who participated in a donor event in Mar-A-Lago that weekend when the statement was released, reportedly called on Trump to publish a appointed message without completely revealing his connection to Ripple.
Trump, who believed he made a broad statement in support of American cryptoinnovation, was “furious” and felt manipulated after learning that Ripple was a client to Ballard Partners.
In the aftermath, Trump told us aide that Brian Ballard, the company’s founder and a long -lasting collection, was “not welcome in anything anymore.”
The staff in the White House were instructed to freeze Ballard, and some crypto companies have since aroused silent concern about the appearance of the Backchannel influence.
Ballard denied something wrong and claimed that neither he nor his team mislead the president. He dismissed the charges, pointed to the company’s continued success in various sectors and says that Ballard Partners continues to deliver “results and effective advocate” for customers.
Trump signed an order that created a bitcoin reserve and digital asset stockpile funded by grip crypto
Days after the historical post signed President Trump an executive order forming a strategic bitcoin reserve And a digital asset storage, both to be financed with the help of crypto assets that were seized through federal criminals and civilian loss procedures.
Unlike the Bitcoin reserve, the government does not plan to actively acquire altcoins – only those obtained through confiscation will be held. The Treasury Department will monitor the management of Digital Asset Stockpile and are authorized to sell assets as needed.
It is unclear if XRP will be added to the warehouse, as this depends on whether any federal authorities report their holdings to Treasury Secretary of the latest revealing deadline. The executive order does not call on publication of submitted reports.
In March, David, White House Krypto Czar, sacks, Clarified That Trump’s mention of XRP, Solana and Cardano was based on their status as top-five crypto assets through market value at that time.
