The crypto community is rallying in a big way to show its support for President-elect Donald Trump. On Friday, (Jan. 17), the “Inaugural Crypto Ball” will be held at the Andrew W. Mellon Auditorium in Washington, DC. The fancy black-tie affair celebrates Trump’s pro-crypto stance and signifies what could be a major shift in the US government’s approach to digital currencies.
Donald Trump’s inauguration will include a “Crypto Ball,” with technology industry leaders celebrating him as "the first crypto president”. pic.twitter.com/88KdGQ1Iyf
— Documenting ₿itcoin 📄 (@DocumentingBTC) January 13, 2025
Although Trump isn’t expected to make an appearance, his appointed AI and Crypto Czar, David Sacks, will be hosting the ball. The event is already generating a lot of buzz, with Gold tickets priced at $2,500, selling out quickly. If you’re still looking to attend, there are $5,000 Black tickets available, along with ultra-exclusive VIP packages going for $100,000 or even $1 million. These high-end options include a private dinner with Trump himself.
The event is being supported by big names in the crypto world, like Coinbase, MicroStrategy, and Galaxy Digital. Top blockchain companies such as Sui, Mysten Labs, Solana, and Uniswap Labs are also stepping up as sponsors, as US cryptocurrency policy is facing a turning point.
Evelio Medina, producer of the Crypto Inaugural Leadership Conference, stated: “The Trump Vance administration‘s vision, understanding and adoption of digital assets and crypto technologies framework will bring a worldwide, profound advancement into a truly 21st-century, economic, and monetary system.”
Trump attempts to pave way for pro-crypto government
Trump is set to make waves on his first day in office with executive orders focusing on Bitcoin and the broader crypto landscape. The orders are expected to reflect a pro-crypto approach, with Trump already nominating crypto advocate Paul Atkins to lead the Securities and Exchange Commission and positioning Perianne Boring, Summer Mersinger, and Caroline Pham as frontrunners for the Commodity Futures Trading Commission.
Last week, ReadWrite reported that Investment bank TD Cowen suggested cryptocurrency companies will have an easier time finding banking partners under the administration.
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