Breaking: Ripple’s Alleged Backdoor Maneuvers Reshape Trump’s Crypto Reserve
In a stunning development that has sent shockwaves through the cryptocurrency market, new evidence suggests that Ripple Labs may have orchestrated a strategic move to influence the composition of President Trump’s newly announced Strategic Crypto Reserve. This latest revelation adds another layer to Trump’s growing influence on the crypto market.
The Strategic Play Unveiled
According to sources familiar with the matter, Ripple executives reportedly lobbied for the inclusion of both Solana (SOL) and Cardano (ADA) in an apparent effort to legitimize XRP’s position in the reserve. This calculated move appears designed to deflect potential criticism of XRP’s inclusion while simultaneously advancing Ripple’s broader regulatory agenda.
Key Revelations:
- Ripple CEO Brad Garlinghouse and CLO Stu Alderoty pitched the White House on including multiple US-based tokens
- Neither Solana nor Cardano teams were consulted about their inclusion
- The reserve announcement notably prioritized XRP, SOL, and ADA over Bitcoin and Ethereum
Market Implications and Expert Reactions
The crypto community has responded with mixed reactions. Solana co-founder Anatoly Yakovenko expressed skepticism about government-controlled crypto reserves, while Cardano’s Charles Hoskinson revealed complete surprise at ADA’s inclusion.
Looking Ahead: The White House Crypto Summit
All eyes are now on Friday’s White House Crypto Summit, where further details about the reserve’s composition and management strategy are expected to emerge. Commerce Secretary Howard Lutnick’s recent comments suggest a potential pivot toward Bitcoin-centric focus, despite the initial emphasis on altcoins.
As this story develops, the crypto market continues to digest the implications of what could be one of the most significant institutional adoptions of digital assets to date.