BTCC / BTCC Square / CoinTurk /
Trump’s Truth Social Plunge Sends Crypto Markets into Frenzy

Trump’s Truth Social Plunge Sends Crypto Markets into Frenzy

CoinTurk
Author:
CoinTurk
Release Time:
2025-05-12 04:12:20
0

Former president’s latest venture triggers speculative rally across meme coins and decentralized platforms—because nothing says ’sound investment’ like political volatility meeting unregulated assets.

Truth Social’s blockchain ambitions spark 48-hour trading surge

Traders pile into MAGA-themed tokens as Trump’s platform explores Web3 integration—proving once again that crypto markets will rally behind any headline, no matter how tenuous the connection.

The move highlights crypto’s enduring appeal as a high-risk bet on populist narratives, where fundamentals matter less than viral potential. Just don’t ask about the SEC filing details.

$179, and Cardano$0.838047 into the U.S. “strategic cryptocurrency reserve.” Criticizing the current administration, Trump promised to make the country a global leader in cryptocurrency. Yet, he deleted the post in less than 24 hours, sparking speculation. There has been no official statement or document indicating that XRP is under any ban or restriction, revealing a personal dissatisfaction and misdirection instead.

Trump’s Confusing XRP Announcement

Trump’s announcement was deemed a “surprise” by investors and industry watchers. He sharply criticized the Biden administration’s cryptocurrency policies and stated that XRP, Solana, and Cardano would be part of the U.S. reserve. However, within less than a day, this message was deleted. This action led many to consider the possibility of “XRP being banned.” Additionally, Trump’s team admitted that they did not review the post before its publication and that it was released in haste.

Upon analyzing the process, the deletion and lack of an official cancellation declaration reveal a reactionary, not strategic, move. It emerged that the message text was provided by lobbyist Brian Ballard, who reportedly had close ties with Ripple$2 Labs. The message was allegedly designed in favor of XRP, received directly by Trump, and approved without adequate investigation. The message was deleted once Ballard’s Ripple connection surfaced, angering Trump and leading him to sever ties with the lobbyist. The incident stemmed from misdirection and disappointment rather than an official ban.

XRP Stays Clear of Official Blackout

Official sources have confirmed that neither TRUMP nor his team has taken any restriction or ban decisions on XRP. There has been no directive or statement on cryptocurrency bans from either the White House or other federal institutions. Following the incident, regulatory bodies like the SEC have not considered imposing additional sanctions on XRP. Thus, the claim of “XRP being blacklisted” remains a media-driven narrative.

In the field, XRP investors expressed their reactions through price movements. Despite circulating rumors of a Trump ban, XRP maintained strong performance. Ripple is known to have made political contributions in the past and even held high-level meetings with Trump.

Donald Trump XRP

Additionally, lawyer Bill Morgan humorously addressed the issue on social media, recalling the SEC’s reduced sanctions on Ripple and commenting, “Trump is upset, but there’s no official ban.”

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users