Trump Cuts Ties with Ripple Amid XRP Advocacy Controversy
- Trump reportedly manipulated into endorsing XRP for crypto reserve.
- Trump ends connection with Ripple-linked lobbyist.
- XRP’s market impact remains minor and short-lived.
Trump Endorses XRP After Lobbyist Influence in 2025
In March 2025, Donald Trump publicly endorsed XRP, SOL, and ADA for a proposed U.S. crypto reserve. This endorsement was reportedly due to manipulation by a Ripple-linked lobbyist.
A pro-Trump lobbyist from Ballard Partners facilitated this endorsement by preparing a prewritten statement, later leading Trump to cut ties upon realizing a conflict of interest. Trump’s reaction was described by staff as “Not welcome in anything anymore” after the connection was revealed. source
XRP Sees Brief 5% Spike Following Trump’s Backing
The market reaction to Trump’s endorsement was minimal, with XRP rising approximately 5% briefly. The political damage is more notable, with Trump severing connections with the involved lobbyist.
Despite the controversy, Trump’s proposed government crypto reserve strategy has moved forward. Ripple’s leadership has not issued public statements regarding the incident, heightening speculation.
Ripple Lobbyist Controversy Sparks Crypto Policy Discussions
The situation is an unusual case of political influence within the crypto sector. Past crypto cycles involved broader regulatory advocacy, not specific token endorsements by a U.S. president.
Based on historical trends, similar controversies often result in policy shifts. Expert analysis suggests ongoing scrutiny may lead to increased calls for transparency in crypto lobbying.
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