Rumors are circulating on social media that President Trump put XRP on the blacklist, so we verified its authenticity.
On March 2nd, President Trump posted on social media supporting the 'US Cryptocurrency Strategic Reserve' that includes XRP, Solana (SOL), and Cardano (ADA). In this post, he criticized the Biden administration's cryptocurrency policy and pledged to make the US a global cryptocurrency leader, but he deleted the post in less than 24 hours.
According to various reports, President Trump received the post's wording from Brian Ballard, a lobbyist associated with Ripple Labs. Upon learning this fact, President Trump was reportedly furious and cut ties with Ballard.
However, there is no official evidence or statement from President Trump or his team that XRP has been officially 'blacklisted'. This can be seen more as a personal grievance rather than an official policy.
Ripple has previously donated to Trump-related political committees, and Ripple's legal officer and CEO are known to have met with President Trump.
Meanwhile, lawyer Bill Morgan tweeted on X (formerly Twitter), "SEC reduced the fine from $125 million to $50 million and lifted the permanent ban order. Yes, Trump was angry," dismissing the situation lightly.
In conclusion, President Trump may have expressed dissatisfaction with something related to XRP without fully understanding it, but there is no evidence that he blacklisted or banned XRP. This incident shows the growing influence of cryptocurrency lobbyists and reveals the potential risks of political entanglements in the rapidly changing digital asset world.
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