A recent report by Politico reveals that the now-infamous Truth Social post from early March—featuring XRP and several other cryptocurrencies—was actually written by an employee at Ballard Partners, a high-profile lobbying firm led by Brian Ballard.
The post, which falsely introduced a "Crypto Strategic Reserve," made waves across the crypto industry and was repeatedly circulated as if it were an official government endorsement. It sparked a rapid surge in XRP's market value, misleading many into thinking the U.S. was preparing to adopt a broad crypto strategy. But the reality turned out to be very different.
The twist? The company behind XRP, Ripple Labs, is a client of Ballard Partners. This relationship came under scrutiny only after the viral post was released and the connection between the lobbying firm and Ripple was uncovered.
According to U.Today, the impact of the post on XRP’s price was immediate and significant. However, government sources later clarified that there was no such comprehensive crypto reserve being formed. Instead, any official plan would involve a Bitcoin-only strategic reserve, and other cryptocurrencies, like XRP, might only be considered part of a vague “stockpile” with no confirmed role.
Ripple had hired Ballard Partners in November, as disclosed in lobbying records. The firm is well-known in Washington circles and has been retained by major institutions such as JPMorgan and Kraken, largely because of Ballard’s reputation as a trusted and influential insider with strong White House connections.
But this lobbying strategy backfired dramatically. After the post became public and the Ripple link was revealed, the White House took swift action. Not only was Ballard cut off, but officials were also ordered to avoid any meetings with him. One top aide reportedly confronted Ballard directly, yelling at him over the breach of trust and the political fallout.
While it was already rumored that Ballard’s favor with the administration was fading, Politico reports that the Truth Social post was the tipping point. It marked the final blow that led to his effective banishment from the White House’s inner circles.
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