{"id":391748,"date":"2025-05-10T22:32:52","date_gmt":"2025-05-10T17:02:52","guid":{"rendered":"https:\/\/dripp.zone\/news\/trump-blackballs-lobbying-firm-over-controversy-related-to-his-crypto-strategic-reserve-truth-social-post-report-crypto-news\/"},"modified":"2025-05-10T22:37:06","modified_gmt":"2025-05-10T17:07:06","slug":"trump-blackballs-lobbying-firm-over-controversy-related-to-his-crypto-strategic-reserve-truth-social-post-report-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/trump-blackballs-lobbying-firm-over-controversy-related-to-his-crypto-strategic-reserve-truth-social-post-report-crypto-news\/","title":{"rendered":"Trump Blackballs Lobbying Firm Over Controversy Related to His \u2018Crypto Strategic Reserve\u2019 Truth Social Post: Report &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>President Donald Trump has reportedly blackballed a lobbying firm that he thinks manipulated him into posting on social media about <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/xrp\/\" rel=\"noopener\" target=\"_blank\">XRP<\/a>.<\/p>\n<p>In early March, Trump <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114093526901586124\" rel=\"noopener\" target=\"_blank\">announced<\/a> on his Truth Social platform that he directed the Presidential Working Group on Digital Asset Markets \u201cto move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA.\u201d<\/p>\n<p>Politico, citing \u201ctwo people familiar with the incident,\u201d <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.politico.com\/news\/2025\/05\/08\/ballard-trump-wiles-lobbyist-00333953\" rel=\"noopener\" target=\"_blank\">reports<\/a> that Trump was goaded into making the post by an employee of the lobbying firm Ballard Partners. The unnamed employee reportedly \u201cbuttonholed\u201d Trump at Mar-a-Lago and encouraged him multiple times to publish the post, even providing him with the text of a message she thought the president should write.<\/p>\n<p>After Trump published the post, he realized Ripple, the firm behind the payments coin XRP, was also a Ballard client. Ripple maintains that the crypto asset is an independent token but <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/academy\/article\/a5e599e9-ec03-4191-8aca-f833dc74910d\" rel=\"noopener\" target=\"_blank\">owns<\/a> 46 billion XRP out of the coin\u2019s 100 billion max supply, according to CoinMarketCap.<\/p>\n<p>Trump was \u201cfurious\u201d and \u201cfelt like he\u2019d been used,\u201d according to Politicio\u2019s sources. The president reportedly blackballed the head of the firm, Brian Ballard, explicitly saying \u201che is not welcome in anything anymore.\u201d<\/p>\n<p>Politico, citing three anonymous sources, also reports that David Sacks, the White House\u2019s Crypto Czar, was \u201cfurious\u201d about the Crypto Strategic Reserve post on Truth Social and complained to Trump\u2019s chief of staff, Susie Wiles.<\/p>\n<p>Trump later <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114093946326587357\" rel=\"noopener\" target=\"_blank\">followed up<\/a> the initial Truth Social post with another message praising the top two crypto assets.<\/p>\n<p><em>\u201cAnd, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be the heart of the Reserve. I also love Bitcoin and Ethereum!\u201d<br \/><\/em><\/p>\n<p><em><span style=\"font-size: 13pt;\">Follow us on <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/TheDailyHodl\" target=\"_blank\" rel=\"noopener\">X<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> and <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\" target=\"_blank\" rel=\"noopener\">Telegram<\/a><\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt;\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\" target=\"_blank\" rel=\"noopener\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt;\">Check <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\" target=\"_blank\" rel=\"noopener\">Price Action<\/a><\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt;\">Surf <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&#038;nbsp<br \/>\n<center><\/center><\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><em><span style=\"font-size: 10pt;\">Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump has reportedly blackballed a lobbying firm that he thinks manipulated him into posting on social media about XRP. In early March, Trump announced on his Truth Social platform that he directed the Presidential Working Group on Digital Asset Markets \u201cto move forward on a Crypto Strategic Reserve that includes XRP, SOL, and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":391750,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-391748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/391748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=391748"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/391748\/revisions"}],"predecessor-version":[{"id":391751,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/391748\/revisions\/391751"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/391750"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=391748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=391748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=391748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}