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HomeCrypto NewsMarketRipple CLO Strongly Denies Rumors of Trump Criticizing Ripple for Supporting Kamala Harris

Ripple CLO Strongly Denies Rumors of Trump Criticizing Ripple for Supporting Kamala Harris

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Ripple CLO Stuart Alderoty publicly denies allegations suggesting that Donald Trump criticized Ripple for its financial donations to Kamala Harris during the presidential election. 

This allegation gained momentum yesterday after the New York Post reported that Trump is receptive to establishing a reserve for tokens developed in the U.S., such as XRP, SOL, and USDC. 

The report indicated that Trump recently met with the creators of these tokens to discuss the details of the reserve. 

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Unchained Says XRP Reserve Rumors Are Untrue 

Following the report, crypto media outlet Unchained claimed the rumors about including XRP in a national reserve are likely untrue. 

Unchained cited a previous Axios report about Trump criticizing an unnamed company for financially supporting Harris during the presidential election instead of him. 

Although Axios did not mention names, Unchained stated that two unnamed sources confirmed Trump was talking about Ripple. Consequently, the sources suggested that the rumors about creating an America-first reserve for XRP are likely untrue. 

Recall that Chris Larsen, Ripple’s Chairman, donated over $10 million to a Super PAC supporting Harris. However, Alderoty participated in different fundraisers for Trump’s reelection bid. A case in point was his 624,000 XRP donation to a Super Pac supporting Trump. 

Also, Ripple donated $5 million in support of Trump’s inauguration ceremony, and the company’s execs also had dinner with the U.S. President-elect. 

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Ripple CLO Denies Allegation 

Meanwhile, the Unchained report infuriated the broader XRP community, with Ripple’s CLO publicly denying the allegation. Describing Unchained as a ‘3rd-tier crypto rag,’ the Ripple CLO emphasized that the rumors are ‘pure fiction.’

He pondered the identity of the bad actors who spread such malicious claims about the company. His statement suggests that the rumor could be part of a campaign to cause a rift between Ripple and Trump. 

Deaton and Other Top XRP Figures React 

Furthermore, other notable stakeholders within the XRP community also reacted to the report. For instance, former U.S. Senate Candidate John Deaton suggested that the rumors align with his previous prediction about a potential increase in FUD targeting XRP in the wake of its latest rally. 

Deaton expressed skepticism about the report, asserting that Alderoty would not have issued a strong denial if it was true. Deaton also suggested that he expected the rumor, given that XRP is outperforming all major cryptos, including Bitcoin. 

Amid XRP’s incredible performance, he outlined three things the community should expect. They include XRP influencers hyping the coin and cashing out, non-XRP influencers and media outlets spreading FUDs about it, and some high-profile crypto stakeholders publicly stating why they dislike XRP. 

In addition, pro-XRP expert Zach Rector called on the broader crypto community to ignore all FUDs about Ripple and Trump. Rector speculated that both parties will continue to collaborate on different initiatives.  

Furthermore, popular XRP figure Crypto Eri criticized journalists, particularly one of the Unchained reporters, Veronica Irwin, who rely on unnamed sources, indicating that such practice puts their reputation at risk. 

However, XRP remains unshaken amid the ongoing rumors from Unchained. It is currently trading at $3.32, marking a surge of 8.45% in the past 24 hours. 

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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