‘Crypto Ball’ to Debut Days Before Trump’s Inauguration
Washington D.C. – The highly anticipated ‘Crypto Ball’ is set to take place on Friday, January 17, just days ahead of the inauguration of President-elect Donald Trump on January 20. This inaugural event will be held at the Andrew W. Mellon Auditorium and aims to spotlight American innovation along with the pro-crypto policies proposed by the incoming administration.
Event Details and Ticket Sales
David Sacks, known for his prominent role in the crypto industry, will host the inaugural ‘Crypto Ball.’ Reports indicate that there has been significant interest in the gala, which is a black-tie event. Tickets for the ‘Gold’ tier, originally priced at $2,500, have sold out, leaving only the ‘Black’ tier tickets available at $5,000.
The event is organized by BTC Inc., in collaboration with several notable partners including Stand With Crypto, Exodus, Anchorage Digital, and Kraken. The festivities will run from 8:00 PM until midnight.
Among the distinguished sponsors supporting this event are well-known players in the blockchain space, such as Coinbase, Sui, Mysten Labs, Metamask, Galaxy, Ondo, Solana, Microstrategy, and Uniswap Labs.
VIP Packages and Political Support
The exclusive nature of the ‘Crypto Ball’ is further emphasized by its VIP ticket offering, which is priced at $100,000. For those seeking a more personal experience, a private dinner package with President-elect Trump is available at the staggering amount of $1 million. These sponsorships and ticket sales highlight a significant alignment between the crypto industry and the forthcoming pro-crypto administration, as noted by industry observer Mario Nawfal.
President-elect Trump has exhibited strong support for the cryptocurrency sector by appointing key figures with pro-crypto perspectives. David Sacks has been designated as the Czar of AI and Crypto, while Scott Bessent is set to assume the role of Secretary of the Treasury, and Paul Atkins has been appointed as Chair of the SEC.
Although Trump is not expected to attend the event himself, he will be represented by Sacks, who will host the gathering.
Formation of a Crypto Advisory Council
In addition to the festivities surrounding the ‘Crypto Ball,’ speculation is mounting regarding the establishment of a crypto advisory council by the new administration. This council is anticipated to shape federal policies regarding digital assets, with approximately 20 CEOs and founders expected to be involved, many of whom have close ties to Trump.
Industry Engagement with Trump’s Transition Team
Since Trump’s victory, executives in the cryptocurrency sphere have been increasingly engaged with the president-elect and his advisors. The Mar-a-Lago estate has become a hub for dialogue concerning crypto regulations and potential appointments within the administration.
Recently, Kris Marszalek, CEO of Crypto.com, met with Trump to discuss regulatory strategies. Additionally, Ripple executives Brad Garlinghouse and Stu Alderoty reportedly dined with Trump to talk about the ongoing SEC lawsuit against their company. Coinbase CEO Brian Armstrong has also been in discussions with Trump in recent weeks.
As Trump prepares to take office, he is expected to sign an executive order favoring cryptocurrency on his first day. Reports suggest that this order will repeal existing SEC policies that restrict banks from holding Bitcoin and other digital assets.
The crypto industry is demonstrating considerable support for the incoming administration, having raised significant funds for the inauguration committee. Coinbase, Kraken, and Ondo each contributed $1 million, while Ripple has donated $5 million worth of XRP tokens to bolster the new government’s initiatives.
Looking Ahead
As the ‘Crypto Ball’ approaches, it is poised to attract key figures from the industry seeking to engage with Trump’s team and influence the future of U.S. crypto policy. The event is expected to play a notable role in establishing the dialogue required to shape the regulatory landscape for cryptocurrencies in the coming era.
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