Donald Trump Is Displeased With Ripple and XRP On This Major Announcement

By: times tabloid|2025/05/09 16:15:02

In early March, President Donald Trump announced the creation of a strategic crypto reserve, acting on his promise to make the U.S. the crypto capital of the world.However, the announcement on Truth Social has caused some controversy. It reportedly infuriated the President as the announcement was drafted by a lobbyist with ties to Ripple.Did Ripple Influence the President’s Announcement?A recent report from Politico drew attention to this announcement, as it identified XRP, Solana, and Cardano as the digital assets to be included in the cryptocurrency reserve. This announcement did not include Bitcoin and Ethereum.Trump claimed in the post that the initiative would fall under an executive order aimed at securing American leadership in cryptocurrency. According to Politico, the language used in that post had been drafted by an employee of Ballard Partners, a lobbying firm that counts Ripple among its clients.Trump reportedly had no knowledge at the time that the suggestion came from a group representing Ripple’s interests. Once briefed, he felt blindsided. Those close to the situation told Politico that the revelation made the president furious, as he saw the move as a manipulation of his public platform.We are on twitter, follow us to connect with us :- @TimesTabloid1— TimesTabloid (@TimesTabloid1) July 15, 2023Lobbyist Fallout and White House TensionsBrian Ballard, the head of the lobbying firm involved, saw his standing in Trump’s political circles decline sharply following the incident. Though Ballard had enjoyed a reputation as a trusted insider and prolific fundraiser, sources say his connection to Ripple and the post resulted in his marginalization within Trump’s orbit.Despite this, Politico noted that Ballard Partners has continued to expand its client roster because of its reputation. It has secured over a hundred new contracts since the 2024 election, including major corporations such as Netflix, Bayer, and JP Morgan, and over $14 million in revenue since the start of 2025.Ripple, XRP, and Market ImpactAlthough Ripple does not control XRP, some in the crypto space may see the post as an endorsement because of the company’s connection to the asset. Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty also met with the president in January, adding to this perceived endorsement.The crypto market responded quickly to Trump’s original message, with the prices of XRP, Solana, and Cardano seeing noticeable gains in the aftermath of Trump’s statement. When approached, Ripple did not comment on the matter, and Ballard Partners also declined to respond to Politico’s requests.Following the incident, Trump amended his position, indicating that the proposed reserve would include Bitcoin and Ethereum. Later that month, he signed an executive order establishing a U.S. Strategic Bitcoin Reserve, signaling continued interest in digital assets.Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.Follow us on X, Facebook, Telegram, and Google NewsThe post Donald Trump Is Displeased With Ripple and XRP On This Major Announcement appeared first on Times Tabloid.

Currently, most Web3 projects are still in the stage of functional fragmentation, often focusing only on a single aspect, such as IP asset tokenization, transaction functionality, or a simple incentive model. This structural dispersion has become a key bottleneck hindering the industry's scale application.

BeatSwap's approach is more integrated, integrating multiple core modules into the same system, including:

· IP authentication and on-chain registration

· Authorization-based revenue sharing mechanism

· User-engagement-driven incentive system

· Transaction and liquidity infrastructure

Through the above integration, the platform builds an end-to-end closed-loop path, allowing IP rights to complete a full cycle of "creation, use, and monetization" within the same ecosystem.

Expanding from Web3 to a broader market: Restructuring the music industry's supply-demand structure

BeatSwap is not limited to existing crypto users but is attempting to take the global music industry as a starting point, actively creating new market demand. Its core strategies include:

Exploring and incubating music creators (Artist discovery)

Building a fan community

Igniting IP-centric content consumption demand

The current global music industry is valued at around $260 billion, with over 2 billion digital music users. This means that the potential market corresponding to the tokenization and financialization of IP far exceeds the traditional crypto user base.

In this context, BeatSwap positions itself at the intersection of "real-world content demand" and "on-chain infrastructure," attempting to bridge the structural gap between content production and financial flow.

"Space" to Launch in Q2 2026: Building the Core of SocialFi

BeatSwap's upcoming core product "Space" is scheduled to launch in the second quarter of 2026. This product is defined as the SocialFi layer in the ecosystem, aiming to directly connect creators with users and achieve deep integration with other platform modules.

Key designs include:

A fan-centric interactive mechanism

Exposure and distribution logic based on $BTX staking

User paths connected to DeFi and liquidity structures

Thus, a complete user behavior loop is formed within the platform: Discovery → Participation → Consumption → Rewards → Trading

$BTX Token Mechanism: Evolving from an Incentive Tool to a Value Carrier

$BTX is designed to be a core utility asset within the ecosystem, rather than just a simple incentive token, with its value directly tied to platform activity and IP use cases.

Main features include:

· Yield distribution based on on-chain authorized actions

· Value reflection based on IP usage and user engagement dynamics

· Support for staking and DeFi participation mechanisms

· Value growth driven by ecosystem expansion

With the increased frequency of IP use, the utility and value support of $BTX will enhance simultaneously, helping alleviate the "disconnect between value and utility" issue present in traditional Web3 token models to some extent.

Accelerating Global Exchange Layout: Enhancing Liquidity and Accessibility

Currently, $BTX has been listed on several mainstream exchanges, including:

Binance Alpha

Gate

MEXC

OKX Boost

As the launch of "Space" approaches, BeatSwap is actively pursuing more exchange listings to further enhance liquidity and global accessibility, laying a foundation for future market expansion.

Beyond Web3: Aiming for a Larger-Scale Integration of Content and Finance Markets

BeatSwap's goal is no longer limited to the traditional Web3 narrative but aims to target over 2 billion digital music users and a trillion KRW-scale content market.

By integrating content creators, users, capital, and liquidity into a blockchain framework centered around IP rights, BeatSwap is striving to build a next-generation infrastructure focused on "IP tokenization."

Conclusion

BeatSwap integrates IP authentication, authorization distribution, incentive mechanism, transaction system, and market construction to establish a unified structure that bridges the full lifecycle path of IP rights.

With the launch of the Q2 2026 "Space," the project is expected to become a key infrastructure connecting content and finance in the IP-RWA (Real World Assets) track.

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