In early March, a Fact Social submit by President Donald Trump selling a “Crypto Strategic Reserve” went viral in america.
Nevertheless, inside hours of its going up, the submit backfired on one in every of Washington, D.C.’s most well-connected lobbyists, Brian Ballard.
Fact Social Publish Drama
Based on a report from Politico, the thought for the submit got here from a employees 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 trade publicly and even advised 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 want to see XRP included in a proposed digital asset reserve.
As soon as the President realized of the connection, he was livid. “He isn’t welcome in something anymore,” Trump reportedly instructed White Home associates later that month, referring to Ballard.
Consequently, employees had 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 3 times what it made in the identical interval final yr.
Nevertheless, some folks in Trump’s circle now imagine the affect peddler has gone too far. Based on Politico, they suppose he makes use of his previous ties to the President and his workforce to get extra shoppers, though these relationships is probably not as shut as he claims.
“One method to get your self within the doghouse is for the President to suppose you’re buying and selling on his title,” one Trump ally instructed 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.
Concerning the Fact Social incident, somebody from his workforce stated they by no means tried to trick Trump with the message. Regardless of this, the scenario appears to have brought on Ballard some bother along with his enterprise. A couple of of his shoppers have reportedly begun looking for various routes to realize entry to the President and his advisers.
After opening his Washington workplace in 2017, Ballard rapidly turned one of many metropolis’s most profitable lobbyists. He’s a well known determine in Trump’s world, having helped increase tens of thousands and thousands of {dollars} for the politician’s campaigns.
He additionally used to characterize the Trump Group, and his agency additionally employed two of the President’s shut allies, Susie Wiles and Pam Bondi.
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