Brian Ballard, the viral Truth Social post mentioning XRP, and the "Crypto Strategic Reserve"

According to a Thursday report by Politico, the viral Truth Social post that mentioned XRP and several other altcoins in early March was actually written by an employee of Brian Ballard's lobbying firm.

A highly influential lobbyist has been purged from the White House following a viral Truth Social post that mentioned XRP and several other altcoins in early March, Politico reports.

The copy of the infamous post, which announced "Crypto Strategic Reserve," was repeatedly pitched to promote the industry.

The twist? Enterprise blockchain company Ripple Labs, linked to the controversial XRP token, is actually a client of the lobbying firm, Ballard Partners. This detail only came to an emerging role in March with the post mentioning XRP.

As reported by U.Today, the massive endorsement caused a significant spike in the price of the XRP token.

However, it was later clarified that the U.S. government would be establishing a Bitcoin-only strategic reserve, while other cryptocurrencies would be part of a murky "stockpile."

According to lobbying disclosure records, Ripple moved to hire Ballard Partners back in November. Plenty of other companies, including banking giant JPMorgan and crypto exchange Kraken, also retained the firm since the firm had the reputation of being the go-to lobbyist.

However, the XRP-related lobbying trap backfired in a spectacular fashion, with the White House immediately moving to cut ties with Ballard. Officials were banned from having any meetings with the top whisperer, who previously boasted seemingly unfettered access to the administration. One top White House aide was reportedly seen yelling at Ballard.

Even though the White House was growing increasingly discontented with Ballard, the Truth Social post mentioning XRP was repeatedly the "tipping point," Politico says.