Trump feels manipulated after he has learned that his XRP post was pushed by Ripple-bound lobbyist

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In March, Trump shocked the crypto community after having been publicly promoting XRP, Solana and Cardano for a proposed US crypto reserve -now it is a new report that he did not receive the whole story.

Politico announced on Thursday that the post, who wanted to signal Trump’s support for a “crypto strategic reserve”, was orchestrated by an employee of Ballard Partners, a company with ties to Ripple Labs, the company behind XRP.

The lobbyist, who was published this weekend, when the explanation was published in a donor event in Mar-A-Lago, asked Trump to publish an early message without fully disclosed his connection to Ripple.

Trump, who believed that he would give a comprehensive explanation to support the American crypto innovation, was “angry” and felt manipulated after Ripple was a customer of Ballard Partners.

As a result, Trump allegedly told the adjutant that Brian Ballard, the founder of the company and a long -term fundraiser, was “in no way welcome”.

The staff of the White House has been instructed to get Ballard, and some crypto companies have said calm concerns about the appearance of the BackChannel influence.

Ballard denied misconduct and claimed that neither he nor his team misleaded the president. He dismissed the accusations, pointed to the continued success of the company in the sectors and said that Ballard Partners continues to provide “results and effective advocacy” for customers.

Trump signed an order that created a Bitcoin reserve and a digital asset camp that was financed by confiscated crypto

Days after the historical post, President Trump signed an executive order that formed a strategic Bitcoin reserve and a digital asset, both of which were financed with crypto assets that were confiscated by the convict procedure for criminal and civilian assets.

In contrast to the Bitcoin reserve, the government does not plan to actively acquire old coins – only those who are preserved by decay. The finance department will monitor the management of the Digital Asset Stockpile and is entitled to sell assets if necessary.

It is unclear whether XRP is added to the inventory, as this depends on whether any federal authorities report the finance minister through the recent disclosure period. The Executive Ordinance does not provide the submitted reports.

In March, David Sacks, the crypto zar of the White House, made it clear that Trump’s mention of XRP, Solana and Cardano on their status as a top-five crypto assets through market capitalization at this time.

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