Many political reports claim President Trump has not yet planned to put the XRP in his crypto strategic reserve. Instead, they suggest that lobbyist Brian Ballard manipulated him in doing so.
Although the President is said to be angry with these events, it may not change the XRP position in the reserve. Ripple's CEO Brad Garlinghouse, supports vocally and made a huge donation to Trump's election campaign.
The allegations on the bombshell around Trump and XRP
Prior to the 2024 election, President Trump campaigned for the establishment of a US Bitcoin reserve, surprisingly in the crypto industry when he included several Altcoins in his proposal.
When Trump makes a social media Post One month in the office, it includes Sol, ADA, and XRP in the Halo, which boosts the popularity of these properties. Today, Politico made surprising Accurses suggests that this is not his purpose.
Specifically, the report allegedly Brian Ballard, a lobbyist who has worked with Trump for many years, has been using unchanged tactics. One of Ballard's employees has repeatedly issued Trump to endorse the XRP and other altcoins in his post.
Most notably -noticing, Ripple Labs is also a Ballard Clientpaying a lobbyist of $ 60,000 last year. When the President discovered this, he seemed to be angry.
Meanwhile, the president of the United States is now deporting Brian Ballard. The community has reacted strong In these events, suggests Trump can remove XRP and other altcoins from the strategic reserve. However, it may be overstated for several reasons.
Trump is said to be angry at being misunderstood, not because he has a definite disappointment for XRP. The announcement of the reserve took place shortly before Trump's crypto summit, and David Sacks remembered the noticeable favorite. However, Ripple became a good friend to the president.
Brad Garlinghouse, CEO of Ripple, supports Trump's crypto policies. He donated millions to the President's inauguration and continued to maintain this relationship.
In other words, why did Trump decide to punish the XRP for Ballard's actions? These allegations are really surprising, but the market is obviously unexpectedly the excitement for the XRP at this time.
To be clear, by Trump, Ballard, or Ripple employees responded to these allegations. Regarding the XRP area in the reserve, Trump could just let the Bygones.
It is important to understand that while the US president has signed an executive order to 'assess the establishment' of a strategic crypto reserve, no development has been made.
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