In early March 2025, former President Donald Trump publicly endorsed several cryptocurrencies—including XRP, Solana (SOL), and Cardano (ADA)—as potential assets for a proposed U.S. digital reserve. This endorsement was made via a Truth Social post on March 2, which reportedly was influenced by a lobbyist from Ballard Partners, a firm with ties to Ripple Labs, the company behind XRP .



After the post was published, Trump discovered the connection between Ballard Partners and Ripple Labs, leading to feelings of betrayal. He was reportedly furious and felt manipulated into promoting XRP without full disclosure of the lobbyist’s affiliations .



Despite this controversy, on March 6, 2025, Trump signed an executive order establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile. The reserve is primarily composed of Bitcoin obtained through forfeiture proceedings, while the stockpile includes other cryptocurrencies like XRP, Solana, and Cardano, also acquired through legal means .



The executive order stipulates that the government will not make additional purchases of these cryptocurrencies beyond assets obtained through forfeiture, aiming to maintain a budget-neutral approach .



This incident highlights the complexities and potential pitfalls of integrating cryptocurrencies into national financial strategies, especially when influenced by lobbying efforts.#AltcoinSeasonComing #AltcoinTrade #BTCBackto100K #TradeOfTheWeek