Did Trump Really Just Snub XRP? Here’s What Actually Happened
In recent weeks, the cryptocurrency world was rattled by reports suggesting that former President Donald Trump had turned his back on XRP, the digital asset closely associated with Ripple Labs. However, a closer look at the situation reveals a more nuanced story—one rooted in political optics, lobbyist influence, and miscommunication.
The Initial Hype
It all began when Trump announced a bold plan to establish a "U.S. Crypto Strategic Reserve." In a since-deleted post, the announcement explicitly named several cryptocurrencies, including XRP, as potential candidates for this reserve. The markets responded quickly: XRP and other named tokens surged in value, with investors interpreting this as a major endorsement from the former president.
The Unexpected Twist
The optimism was short-lived. Investigative reports later revealed that the post had been drafted with the help of a crypto lobbyist who previously worked for Ripple Labs. This detail reportedly caught Trump and his team off guard. Feeling blindsided by the connection, Trump ordered the post to be removed and distanced himself from the initiative altogether.
Was It a Snub?
Despite the deletion and Trump’s clear frustration, experts caution against calling it a direct “snub” of XRP. There has been no official policy shift against the token, and XRP has not been blacklisted. According to political insiders, Trump’s reaction was more about avoiding the appearance of favoritism or being manipulated than expressing any specific opposition to XRP itself.
Market Reaction
Following the retraction, XRP experienced a modest dip in price but avoided a crash. The broader crypto market also remained relatively stable, with key assets like Bitcoin and Ethereum showing resilience. The short-term turbulence appears to have passed, leaving XRP still firmly in the game.
The Bigger Picture
This incident highlights the growing intersection of politics and cryptocurrency. As digital assets gain traction, political figures are increasingly drawn into the conversation—sometimes without fully understanding the implications. For investors, the takeaway is clear: always verify the facts before reacting to headlines.
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