In early March 2025, former U.S. President Donald Trump made headlines with a social media post advocating for a "Crypto Strategic Reserve" that would include cryptocurrencies such as XRP, Solana (SOL), and Cardano (ADA). This announcement led to significant market reactions, with XRP's price surging by 30% in a single day. However, the post was deleted within 24 hours, sparking rumors that Trump had blacklisted XRP. This article aims to clarify the situation by examining the events and their implications.
Explore the truth behind the rumors of Donald Trump blacklisting XRP
The Initial Announcement
On March 2, 2025, Donald Trump posted on his social media platform, Truth Social, proposing the establishment of a U.S. "Crypto Strategic Reserve" that would include XRP, SOL, and ADA. He criticized the Biden administration's handling of cryptocurrencies and pledged to position the United States as a global leader in the crypto space. The market responded positively, with XRP experiencing a 30% price increase.
The Sudden Retraction
Less than a day after the initial post, Trump deleted the announcement. This abrupt action led to speculation that XRP had been blacklisted by Trump. However, subsequent reports revealed that the deletion was due to internal political dynamics rather than a policy shift.
Sources indicated that lobbyist Brian Ballard, who has ties to Ripple Labs, may have influenced the content of Trump's post. Upon discovering this connection, Trump reportedly felt misled and decided to distance himself from Ballard. This move was interpreted as a response to perceived manipulation rather than an indictment of XRP itself.
Clarifying the Misconceptions
Despite the controversy, there is no official evidence that XRP has been blacklisted by Donald Trump or his administration. No executive orders, regulatory actions, or public statements have been issued to restrict or ban XRP. The deletion of the social media post appears to be a personal decision by Trump to avoid further association with the lobbying efforts behind the announcement.
Ripple's Political Connections
Ripple Labs, the company behind XRP, has a history of political engagement, including interactions with the Trump administration. Reports suggest that Ripple's CEO, Brad Garlinghouse, has met with Trump in the past, and the company has made political donations. These connections may have facilitated the inclusion of XRP in the proposed crypto reserve.
Market Implications
The initial announcement and subsequent deletion had a notable impact on the cryptocurrency market. XRP's price experienced significant volatility, reflecting the influence of political statements on crypto valuations. However, the lack of formal action against XRP suggests that its market position remains intact.
Conclusion
The rumors of XRP being blacklisted by Donald Trump are unfounded. The deletion of the social media post appears to be a reaction to internal political considerations rather than a policy decision against XRP. Investors should remain informed and cautious, recognizing the potential for political developments to influence the cryptocurrency market.
Read more: True Value of XRP Has Long Been Established, Says Crypto CEO – What Global Institutions Already Know