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List of Flash News about crypto lobbyist White House

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2025-05-08
15:57
Trump’s Truth Social XRP, SOL, ADA Crypto Reserve Announcement Linked to Lobbyist With Crypto Ties – Market Impact Analysis

According to Crypto Rover, Trump's recent Truth Social post proposing the addition of XRP, Solana (SOL), and Cardano (ADA) to a potential crypto reserve was reportedly influenced by a lobbyist with strong ties to the cryptocurrency industry, as cited by Politico. The lobbyist has since been exiled from the White House, reducing immediate prospects for official adoption of these cryptocurrencies at the federal level. This development has direct trading implications: short-term price volatility in XRP, SOL, and ADA can be expected due to reduced expectations of institutional adoption, and traders should closely monitor further regulatory or political updates that may impact these assets’ momentum. The news highlights the ongoing interplay between U.S. politics and major altcoin market sentiment. (Source: Crypto Rover, Politico)

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