In early March, a Fact Social put up by President Donald Trump selling a “Crypto Strategic Reserve” went viral in america.
Nevertheless, inside hours of its going up, the put up backfired on one in every of Washington, D.C.’s most well-connected lobbyists, Brian Ballard.
Fact Social Publish Drama
In response to a report from Politico, the thought for the put up got here from a workers member at Ballard’s lobbying agency who had spoken to Trump a number of occasions throughout a weekend donor occasion at Mar-a-Lago. She allegedly urged the president to again the crypto business publicly and even urged the language he would use.
Unknown to Trump on the time, Ripple, whose native XRP token was mentioned within the message, was a consumer of Ballard’s agency. CEO Brad Garlinghouse has made no secret of his need to see XRP included in a proposed digital asset reserve.
As soon as the President discovered of the connection, he was livid. “He’s not welcome in something anymore,” Trump reportedly informed White Home associates later that month, referring to Ballard.
Consequently, workers have been allegedly quietly directed to keep away from conferences with him, successfully freezing him out of the West Wing.
Since Trump’s return to energy, Ballard Companions has gained 130 new prospects. The agency earned $14 million within the first three months of 2025, greater than thrice what it made in the identical interval final 12 months.
Nevertheless, some folks in Trump’s circle now consider the affect peddler has gone too far. In response to Politico, they suppose he makes use of his previous ties to the President and his workforce to get extra shoppers, despite the fact that these relationships will not be as shut as he claims.
“One approach to get your self within the doghouse is for the President to suppose you’re buying and selling on his identify,” one Trump ally informed the media outlet, including that the lobbyist overstates his “significance and worth.”
Ballard Denies Accusations
In a press release to the media outlet, the 65-year-old rejected the criticisms and denied that he has been sidelined. “I’ve by no means touted my relationships with folks within the West Wing to attempt to win shoppers,” he famous.
Relating to the Fact Social incident, somebody from his workforce stated they by no means tried to trick Trump with the message. Regardless of this, the state of affairs appears to have triggered Ballard some bother together with his enterprise. A couple of of his shoppers have reportedly begun searching for various routes to achieve entry to the President and his advisers.
After opening his Washington workplace in 2017, Ballard shortly grew to become one of many metropolis’s most profitable lobbyists. He’s a well known determine in Trump’s world, having helped increase tens of hundreds of thousands of {dollars} for the politician’s campaigns.
He additionally used to signify the Trump Group, and his agency additionally employed two of the President’s shut allies, Susie Wiles and Pam Bondi.
Binance Free $600 (CryptoPotato Unique): Use this link to register a brand new account and obtain $600 unique welcome supply on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE place on any coin!