US President Donald Trump was reportedly influenced by a lobbyist connected to Ripple Labs to include XRP in his plans for a national cryptocurrency reserve. As per a Politico report on May 8, a staffer of pro-Trump lobbyist Brian Ballard provided the president with the text for a social media post suggesting a US strategic crypto reserve with XRP, Solana, and Cardano. Trump later discovered Ripple's ties to Ballard, leading to his displeasure and a sense of being exploited. Trump had prior links to Ripple, with donations from the firm's chief legal officer and meetings with Ripple executives. Despite the controversy, Trump signed an executive order for a 'Digital Asset Stockpile' shortly after the social media post. The XRP price remained relatively stable following the report. Ripple's involvement in political contributions and PAC support for pro-crypto candidates also came to light. Read more AI-generated news on: https://app.chaingpt.org/news

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