Trump Expresses Discontent with Ripple and XRP Due to Startling New Situation

The announcement by Trump regarding a strategic cryptocurrency reserve led to criticism after XRP, Solana, and Cardano were included, while Bitcoin and Ethereum were omitted. Trump believed he had been misinformed about the involvement of Ballard Partners, resulting in tensions and weakened political relationships. In early March 2025, President Donald Trump disclosed intentions for an American strategic crypto reserve to fulfill commitments to enhance the nation’s role in the cryptocurrency sector. The announcement made on Truth Social aimed to strengthen the country’s leadership in the digital currency sector. Trump was said to be furious upon learning that the statement, which referenced XRP, Solana, and Cardano as reserve assets, was crafted by a staff member at Ballard Partners, a lobbying group connected to Ripple. Bitcoin and Ethereum were absent from the initial list. Sources close to the situation indicate that Trump believed his platform had been used to support Ripple’s interests over his own. The president’s reportedly furious reaction led to a sudden rift with his longtime associate, Brian Ballard, the leader of Ballard Partners. This fallout has impacted Trump’s political network. Ballard, once seen as close to Trump, rapidly fell out of favor. His influence, which had previously thrived due to his reputation as an insider and fundraiser, declined following his firm’s involvement in the cryptocurrency announcement. The controversy allegedly diminished his reputation within Trump’s inner circle, raising doubts about his position among the president’s advisors. Nevertheless, Ballard Partners continued to secure new clients. Since the 2024 election, the company has secured more than 100 new agreements, featuring prominent names like Netflix, Bayer, and JP Morgan.