Trump Reportedly Deceived Regarding XRP Crypto Reserve News, Sources Say
The recent announcement of President Donald Trump’s national crypto reserve has quickly gained significant attention, not solely because it features prominent tokens such as Solana and Cardano. The main buzz began when XRP was included in the lineup, igniting a flurry of speculation regarding its selection and potential lobbying influences. Sources indicate that the decision to include XRP was not thoroughly reviewed, leaving the former president surprised upon discovering the involvement of players associated with Ripple.
Initially aimed as a progressive crypto initiative, it is now posing inquiries about the process by which digital assets are incorporated into governmental policies and who holds influence behind closed doors.
The Launch
On March 2, Trump disclosed plans for a U.S. strategic crypto reserve on his social media network. Included in the selection were XRP, SOL, and ADA. The initiative was positioned as a means to ensure America’s financial competitiveness in the evolving digital landscape.
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The market reacted promptly. XRP surged approximately 5 percent, reaching $2.29. Traders appeared to be enthused by the presumed endorsement from the government, until update broke that one of XRP’s major supporters might have played a role in crafting the update.
Trump XRP Controversy: Ripple and the Lobbying Factor
As reported by Politico, an employee from a lobbying organization associated with Ripple Labs allegedly contributed to drafting the initial communication about the crypto reserve. If this is accurate, it suggests that XRP not only secured its place, but it might have been directly recommended by someone with vested interests.
Major revelation: Trump supposedly misled into endorsing $XRP $SOL $ADA
Politico uncovers lobbying tactics behind ‘strategic crypto reserve’ news
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When politics intertwines with crypto – brace yourself— Neuscaster (@neuscaster) May 8, 2025
Insiders close to the situation have indicated that Trump was displeased upon discovering this information. He reportedly severed ties with the lobbyist and insisted that they would no longer have any involvement in the administration’s crypto initiatives.
Ripple’s Political Influence
Ripple Labs has maintained a notable role within political spheres for some time. Its Chief Legal Officer, Stuart Alderoty, contributed over $300,000 to PACs aligned with Trump during the 2024 election cycle. Ripple has also provided $5 million in XRP to the inaugural fund and has been supporting Fairshake, a PAC that advocates for crypto-friendly candidates across political lines.
To clarify, none of these actions are illegal. The practice of political donations and lobbying is standard in Washington. However, this incident has sparked a recurring discussion: should private entities have a say in the selection of assets for public programs?
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Trump XRP Reserve Debacle: Market Response
Initially, many perceived XRP’s inclusion as a significant achievement. After all, having a coin included in a national reserve conveys a powerful message to investors. However, enthusiasm faded as reports of lobbying surfaced. Traders began questioning if this was a genuine endorsement or merely strategic marketing cloaked as policy.
Nonetheless, XRP retained most of its gains, indicating that despite the political complications, investor interest remains relatively strong.
Final Thoughts
The crypto sphere has just witnessed how convoluted the landscape can become when governance and private interests intersect. Trump’s crypto reserve proposal continues to attract attention, now accompanied by increased scrutiny.
As governments gravitate towards embracing digital assets, the public will demand transparency, not only regarding what assets are chosen but also the reasons behind those choices. More importantly, inquiries will arise about who influenced those decisions.
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Key Takeaways
- Trump’s declaration of a U.S. strategic crypto reserve featuring XRP, SOL, and ADA ignited market reactions and political discussions.
- Allegations suggest a lobbyist affiliated with Ripple Labs may have assisted in drafting the news, prompting concerns about private influence over public policy.
- Trump reportedly severed ties with the lobbyist after being informed of their role, emphasizing a need to distance the administration from external influence.
- Ripple has a history of political funding, contributing over $300K and a $5M XRP donation to Trump’s inaugural fund.
- Despite the surrounding controversy, XRP retained a substantial portion of its gains, suggesting that trader confidence may currently outweigh political drama.
The post Trump Allegedly Misled on XRP Crypto Reserve Post, Report Claims appeared first on 99Bitcoins.
