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Home»Regulation»Trump Blackballs Lobby firm about controversy related to his ‘Crypto Strategic Reserve’ Truth Social Post: Report: Report
Trump Blackballs Lobby firm about controversy related to his 'Crypto Strategic Reserve' Truth Social Post: Report: Report
Regulation

Trump Blackballs Lobby firm about controversy related to his ‘Crypto Strategic Reserve’ Truth Social Post: Report: Report

2025-05-10No Comments2 Mins Read
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President Donald Trump is said to have set up a lobbying company that he thinks he has manipulated to post on social media about XRP.

At the beginning of March, Trump announced on his social social platform that he dedicated the presidential working group to digital asset markets “to continue with a crypto -strategic reserve that includes XRP, SOL and ADA.”

Policro, with reference to ‘two people who are familiar with the incident’, reports that Trump has placed the position by an employee of the lobby company Ballard Partners. The public employee reportedly “Buttonholt” Trump on Mar-A-Lago and encouraged him several times to publish the post, even to give him the text of a message that she thought the president should write.

After Trump published the position, he realized that Ripple, the company behind the Coin XRP payments, was also a ballard customer. Ripple claims that the crypto activum is an independent token, but according to Coinmarketcap 46 billion XRP owns from the maximum of the currency of the currency.

Trump was “furious” and “felt like he had been used,” said the sources of politicio. Blackball is said to have the head of the company, Brian Ballard, explicitly said: “He is nowhere welcome anywhere.”

Polico, who quotes three anonymous sources, also reports that David Sacks, the Crypto -tsaar of the White House, was ‘furious’ about the Crypto Strategic Reserve Post about Truth Social and complained to the Staff Chef of Trump, Susie Wiles.

Trump later succeeded the initial social post with another message that the top two crypto assets praised.

See also  Coinbase CEO Brian Armstrong Labels $213 Billion Anti-Money Laundering Regulations as Policy Mistakes

“And, of course, BTC and ETH, as other valuable cryptocurrencies, will be the heart of the reserve. I also love Bitcoin and Ethereum!”

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