Donald Trump Not Satisfied With Ripple And XRP In This Important Announcement

In early March, President Donald Trump announced the establishment of a strategic cryptocurrency reserve fund, fulfilling the promise to make the United States the cryptocurrency capital of the world. However, the announcement on Truth Social has sparked some controversy. Reports suggest that the President was angry because the announcement was drafted by a lobbyist connected to Ripple. Will Ripple affect the President's statement? A recent report from Politico has drawn attention to this announcement, as it identifies XRP, Solana, and Cardano as digital assets included in the cryptocurrency reserves. This announcement does not include Bitcoin and Ethereum. Trump stated in a post that this initiative will be part of an executive order aimed at ensuring the leadership position of the United States in the field of cryptocurrency. According to Politico, the language used in that post was drafted by a staff member of Ballard Partners, a lobbying firm that considers Ripple as one of its clients. Trump was reportedly unaware at the time that the proposal came from a group representing the interests of Ripple. After being informed, he felt surprised. Those close to the situation told Politico that the disclosure made the president angry, as he viewed the move as a manipulation of his public platform. The collapse of the lobbying group and tensions at the White House Brian Ballard, the head of the related lobbying firm, has seen his position in Trump's political circle sharply decline following the incident. Although Ballard is known to be a reliable insider and an effective fundraiser, sources indicate that his connection to Ripple and the post have caused him to be sidelined in Trump's orbit. Nevertheless, Politico notes that Ballard Partners continues to expand its client list due to the company's reputation. The firm has secured over one hundred new contracts since the 2024 election, including major corporations such as Netflix, Bayer, and JP Morgan, and over 14 million dollars in revenue since the beginning of 2025. Ripple, XRP and the impact of the market Although Ripple does not control XRP, some people in the cryptocurrency space may view this post as an endorsement due to the company's relationship with this asset. Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty also met with the president in January, further adding to this alleged endorsement. The cryptocurrency market reacted quickly to Trump's initial message, with the prices of XRP, Solana, and Cardano significantly rising after Trump's announcement. When approached, Ripple did not comment on the matter, and Ballard Partners also declined to respond to Politico's request. After the incident, Trump adjusted his stance, indicating that the proposed reserves would include Bitcoin and Ethereum. By the end of that month, he signed an executive order establishing the U.S. Strategic Bitcoin Reserve, signaling a continued interest in digital assets.