Rumors began to spread after the publication of an article by the New York Post, which indicated that the American president could create a reserve in cryptocurrencies developed in the United States: XRP, SOL and USDC. The report indicates that Trump recently met with executives of the companies that created these crypto assets to discuss the possibility of creating a reserve.
However, Unchained stated that rumors about a national reserve in XRP are not true. Unchained cited a previous Axios report that Donald Trump criticized a company for financially supporting his rival, Kamala Harris. Axios did not name names, but Unchained claimed that Trump was talking specifically about Ripple.
Unchained’s statements angered Ripple legal counsel Stuart Alderoty, who called the information “pure fiction.” He urged followers to think about the identities of the people he said were spreading malicious statements about the company. These rumors may be part of a strategy to create a rift between Ripple and Donald Trump.
In October, Ripple Chairman Chris Larsen donated $1 million in XRP to Kamala Harris’ political campaign with the intention of testing whether she would accept the coin if the US Securities and Exchange Commission (SEC) designated XRP as an unregistered security. Larsen later donated another $10 million in XRP to Harris.
Alderoti participated in various rallies in support of Donald Trump, by sending he has 624,000 XRP. In December, Ripple sent $5 million in XRP in support of Trump’s inauguration ceremony. Previously, Ripple’s legal adviser said that the US SEC is deceiving courts in proceedings with crypto companies by using the non-existent term “cryptocurrency securities.”
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
