According to a report by Unchained on January 16, 2025, there are rumors that US President Trump is considering including US-created cryptocurrencies such as XRP and SOL in the national reserve. Affected by this, XRP prices rose by 10% in 24 hours, reaching a new seven-year high of approximately $3.40. However, three sources told Unchained that this market-driven rumor may not be true. In addition, the report stated that Ripple CEO Brad Garlinghouse had encouraged Trump to include other cryptocurrencies besides Bitcoin in potential cryptocurrency reserves, but it was not confirmed whether Trump accepted this suggestion. It is worth noting that Axios reported on January 15 that Trump had accused an unnamed company of not supporting him at a critical moment and may have supported Kamala Harris instead. Two sources told Unchained that the company involved in the conversation is Ripple. However, a Ripple spokesperson denied these rumors, calling them “completely untrue.”
In addition, according to a report by PANews on October 20, 2023, Ripple has been accused of trying to influence U.S. legislation through lobbying to make the Commodity and Futures Trading Commission (CFTC) the de facto cryptocurrency regulator in the United States. Many crypto industry professionals believe that the CFTC takes a softer approach to regulation compared to the U.S. Securities and Exchange Commission (SEC). However, these actions could be viewed as attempts to monetarily influence political decisions, adversely affecting Ripple’s reputation.