Trump’s Cryptocurrency Tweet Influenced by Lobbyist Input

Main Content

Former President Donald Trump, influenced by a lobbyist, proposed a “U.S. Crypto Reserve” on March 2, 2025, including XRP, SOL, and ADA on Truth Social.

This event underscores the influential role of lobbyists in shaping policy narratives, as the global cryptocurrency market responded dramatically, gaining over $300 billion due to Trump’s proposal.

In a Surprising Move

Trump shared a vision for a “U.S. Crypto Reserve“, listing XRP, Solana, and Cardano. Lobbyist involvement played a pivotal role as it was revealed an external lobbying group drafted this statement.

Key Figures and Impact

Key figures include Trump and Brian Ballard of Ballard Partners. Trump distanced himself after discovering Ripple’s connection. The proposal initially included XRP, SOL, ADA, before acknowledging Bitcoin and Ethereum.

Following Trump’s announcement, the crypto market surged by over $300 billion within hours. This reversed a recent decline, illustrating market volatility and the substantial impact of political figures engaging with cryptocurrencies.

A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World.

The proposal also highlighted lobbyists’ strategic role amid increasing inquiries around cryptocurrency regulation and policy development.

Analysts suggest that while immediate market reactions were significant, long-term consequences depend on subsequent regulatory actions. This incident reflects ongoing complexities in integrating decentralized assets into existing financial frameworks.