U.S. President Donald Trump was reportedly manipulated by a lobbyist linked to Ripple Labs into announcing XRP as part of a national crypto reserve plan. After posting the announcement on social media, Trump discovered Ripple was a client of the lobbyist, leaving him furious for being used. Ripple had previously donated significantly to Trump's campaign and inauguration. Despite the incident, Trump signed an executive order days later to establish a digital asset stockpile.