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COINOTAG reports that on March 2nd, a controversy emerged when former President Trump publicized a cryptocurrency reserve strategy featuring XRP, SOL, and ADA on Truth Social. This initiative, actually orchestrated by lobbyist Ballard Partners, caught Trump off guard. Following the post, White House officials, including crypto czar David Sacks, expressed significant outrage. It was swiftly clarified that XRP was associated with Ballard, raising concerns about the lobbyist’s influence. Subsequent to this incident, staff were directed to avoid any engagements with Ballard. However, whispers from within the Trump circles suggested a deeper issue, as many officials suspected Ballard of leveraging Trump’s image for personal gain. An investigation by Politico unveiled Ballard’s past connections to Trump fundraising, indicating his ties to the administration remain intact despite the fallout.
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