Trump’s XRP Promotion Sparks Debate on Crypto Reserves

President Trump found himself entangled in controversy after a lobbying campaign by Ripple Labs, a company pivotal to the crypto world, influenced his public endorsement of XRP. Brian Ballard, a veteran political lobbyist with ties to Ripple, reportedly played a role in encouraging Trump’s online promotion of the cryptocurrency. This action has ignited discussions about the composition of U.S. digital asset reserves and heightened scrutiny on Ripple’s lobbying tactics. The incident further fueled debate regarding the potential inclusion of XRP within reserve portfolios.