Trump Ditches Ripple Over XRP Endorsement Controversy

Former President Donald Trump cut ties with Ripple following accusations of manipulation in his endorsement of XRP for the proposed US crypto reserve. Ripple’s lobbyist, connected to the company, allegedly crafted a prewritten statement for Trump’s endorsement. This connection sparked controversy, leading to Trump severing ties with the lobbyist and minimizing ripple effects on XRP’s short-lived market response. Despite the political fallout, the government’s crypto reserve strategy continues, but Ripple has remained silent on the issue. This unprecedented case of political influence within the cryptocurrency sector raises questions about transparency in lobbying practices and potential policy changes.