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Trump Blackballs Lobbying Agency Over Controversy Associated to His ‘Crypto Strategic Reserve’ Reality Social Submit: Report

Coininsight by Coininsight
May 12, 2025
in Ripple
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Trump Blackballs Lobbying Agency Over Controversy Associated to His ‘Crypto Strategic Reserve’ Reality Social Submit: Report
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President Donald Trump has reportedly blackballed a lobbying agency that he thinks manipulated him into posting on social media about XRP.

In early March, Trump introduced on his Reality Social platform that he directed the Presidential Working Group on Digital Asset Markets “to maneuver ahead on a Crypto Strategic Reserve that features XRP, SOL, and ADA.”

Politico, citing “two individuals accustomed to the incident,” studies that Trump was goaded into making the submit by an worker of the lobbying agency Ballard Companions. The unnamed worker reportedly “buttonholed” Trump at Mar-a-Lago and inspired him a number of occasions to publish the submit, even offering him with the textual content of a message she thought the president ought to write.

After Trump revealed the submit, he realized Ripple, the agency behind the funds coin XRP, was additionally a Ballard consumer. Ripple maintains that the crypto asset is an unbiased token however owns 46 billion XRP out of the coin’s 100 billion max provide, in accordance with CoinMarketCap.

Trump was “livid” and “felt like he’d been used,” in accordance with Politicio’s sources. The president reportedly blackballed the top of the agency, Brian Ballard, explicitly saying “he isn’t welcome in something anymore.”

Politico, citing three nameless sources, additionally studies that David Sacks, the White Home’s Crypto Czar, was “livid” in regards to the Crypto Strategic Reserve submit on Reality Social and complained to Trump’s chief of employees, Susie Wiles.

Trump later adopted up the preliminary Reality Social submit with one other message praising the highest two crypto property.

“And, clearly, BTC and ETH, as different invaluable Cryptocurrencies, would be the coronary heart of the Reserve. I additionally love Bitcoin and Ethereum!”

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President Donald Trump has reportedly blackballed a lobbying agency that he thinks manipulated him into posting on social media about XRP.

In early March, Trump introduced on his Reality Social platform that he directed the Presidential Working Group on Digital Asset Markets “to maneuver ahead on a Crypto Strategic Reserve that features XRP, SOL, and ADA.”

Politico, citing “two individuals accustomed to the incident,” studies that Trump was goaded into making the submit by an worker of the lobbying agency Ballard Companions. The unnamed worker reportedly “buttonholed” Trump at Mar-a-Lago and inspired him a number of occasions to publish the submit, even offering him with the textual content of a message she thought the president ought to write.

After Trump revealed the submit, he realized Ripple, the agency behind the funds coin XRP, was additionally a Ballard consumer. Ripple maintains that the crypto asset is an unbiased token however owns 46 billion XRP out of the coin’s 100 billion max provide, in accordance with CoinMarketCap.

Trump was “livid” and “felt like he’d been used,” in accordance with Politicio’s sources. The president reportedly blackballed the top of the agency, Brian Ballard, explicitly saying “he isn’t welcome in something anymore.”

Politico, citing three nameless sources, additionally studies that David Sacks, the White Home’s Crypto Czar, was “livid” in regards to the Crypto Strategic Reserve submit on Reality Social and complained to Trump’s chief of employees, Susie Wiles.

Trump later adopted up the preliminary Reality Social submit with one other message praising the highest two crypto property.

“And, clearly, BTC and ETH, as different invaluable Cryptocurrencies, would be the coronary heart of the Reserve. I additionally love Bitcoin and Ethereum!”

Observe us on X, Fb and Telegram

Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox

Test Value Motion

Surf The Day by day Hodl Combine

&nbsp

Disclaimer: Opinions expressed at The Day by day Hodl will not be funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any losses it’s possible you’ll incur are your duty. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please word that The Day by day Hodl participates in affiliate marketing online.

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Tags: BlackballsControversyCryptofirmLobbyingPostRelatedReportreserveSocialstrategicTRUMPTruth
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