Fact Check: Is XRP Blacklisted By Donald Trump?
By: coinpedia|2025/05/11 14:30:07
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The post Fact Check: Is XRP Blacklisted By Donald Trump? appeared first on Coinpedia Fintech NewsThere’s been a lot of talk online that Donald Trump might have blacklisted XRP, but what’s the truth? Let’s break it down.On March 2, 2025, President Trump posted a statement on social media announcing his support for the U.S. “crypto strategic reserve” that would include XRP, Solana, and Cardano. In the post, he criticized the Biden administration’s handling of crypto and pledged to make the U.S. the global crypto leader. However, less than 24 hours later, the post was deleted.According to a various reports, Trump may have been misled into making the announcement by a lobbyist named Brian Ballard, who reportedly gave Trump the wording for the post. Ballard is said to have ties to Ripple Labs, the company behind XRP. Once Trump found out about the connection, he was reportedly furious and cut ties with Ballard.Despite this incident, there is no official statement or evidence that Trump has “blacklisted” XRP or that the digital asset is under any kind of ban or restriction from Trump or his team. It appears more like a misunderstanding and personal frustration rather than a formal policy stance.For the unversed, Ripple has had past political connections, including donations to Trump-aligned political committees. Ripple’s Chief Legal Officer and CEO have both reportedly met with Trump in the past.So, while the deleted post and Trump’s reaction have caused a stir, XRP is not blacklisted, and there is no sign of a formal fallout. In fact, the coin continues to perform in the market, and some analysts still see it as a strong contender in the current crypto cycle.You are on top of things. The SEC agreed for the fine to be reduced from $125 million to $50 million and the SEC agreed to the permanent injunction being lifted. Yep, Trump is furious https://t.co/aBRL4R6pr3— bill morgan (@Belisarius2020) May 10, 2025To add to the drama, attorney Bill Morgan reacted to the news on X (formerly Twitter) and laughed it off. He wrote, “You are on top of things. The SEC agreed for the fine to be reduced from $125 million to $50 million and the SEC agreed to the permanent injunction being lifted. Yep, Trump is furious.”Conclusion:Trump may have been upset about being associated with XRP without his full understanding, but there is no evidence he has blacklisted or banned XRP. The situation also shows the growing influence of crypto lobbyists — and the risks of political entanglement in the fast-moving digital asset world.
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