[ad_1]
The first “Crypto Ball” event will take place on Friday, January 17, just days before President-elect Donald Trump’s inauguration on January 20.
The event will be held at Andrew W. Mellon Hall in Washington DC, expected to spotlight US innovation and the incoming administration’s crypto-friendly policies.
Crypto representative David Sacks will host the first Crypto Ball
According to reports, tickets for this solemn gala are very popular. Gold tickets, originally priced at $2,500, have sold out, with only Black tickets remaining for $5,000.
Event organized by BTC Inc. organized and co-hosted by Stand With Crypto, Exodus, Anchorage Digital and Kraken, will take place from 8:00 p.m. to midnight.
Leading blockchain companies sponsor the event, including Coinbase, Sui, Mysten Labs, Metamask, Galaxy, Ondo, Solana, Microstrategy, Uniswap Labs and others.
“This exclusive event features $100,000 worth of VIP tickets and $1 million worth of private dinner packages with Trump. Major sponsors such as Coinbase, MicroStrategy and Galaxy Digital are behind the event, signaling a shift towards a crypto-friendly administration in the United States,” Mario Nawfal wrote on X (formerly Twitter).
President-elect Trump has publicly shown strong support for cryptocurrencies, appointing key officials with pro-crypto views, including David Sacks as AI and Cryptocurrency Representative, Scott Bessent as Department Secretary of the Treasury, and Paul Atkins as SEC Chairman.
Although Trump is not expected to attend, David Sacks will host the evening.
In addition to the “Crypto Ball,” attention is turning to the possibility of the incoming administration’s cryptocurrency advisory council to shape federal digital assets policy. About 20 CEOs and founders are likely to join the board, many of whom already have good relationships with Trump.
Industry leaders seek influence in new administration
Since Trump’s re-election, cryptocurrency industry executives have been actively reaching out to the president-elect and his advisors. Mar-a-Lago has become a hub for discussion about cryptocurrency regulations and possible appointments.
Last month, Kris Marszalek, CEO of Crypto.com, met with Trump to discuss regulatory strategies. Ripple executives Brad Garlinghouse and Stu Alderoty recently had dinner with Trump to discuss the SEC’s litigation against the company.
Meanwhile, Coinbase CEO Brian Armstrong also met with Trump in recent weeks.
Furthermore, Trump is expected to sign a major executive order supporting cryptocurrencies on his first day in office. The executive order is expected to overturn a key SEC policy that restricts banks from holding Bitcoin and digital assets in escrow.
Crypto companies are backing the new administration with significant financial commitments. The inauguration committee received 1 million USD from Coinbase, Kraken and Ondo.
Additionally, Ripple contributed $5 million in XRP to support government initiatives.
As the inauguration approaches, the “Crypto Ball” is expected to attract major industry figures, eager to join Trump’s team and influence future U.S. cryptocurrency policy.
General Bitcoin News
[ad_2]
