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Coinpaprika 2025-01-15 07:19:59

Crypto Ball to Celebrate Trump’s Pro-Crypto Policies

The First-Ever ‘Crypto Ball’ will take place on January 17, just days before Donald Trump’s inauguration as President on January 20. The black-tie event, organized to celebrate expected pro-crypto regulations, will be held at the Andrew W. Mellon Auditorium in Washington, D.C. David Sacks, Trump’s appointed AI and Crypto Czar, will host the event alongside prominent industry figures. Tickets are in high demand, with $2,500 Gold tickets already sold out and $5,000 Black tickets still available. In addition to general attendance, exclusive packages include $100,000 VIP tickets and $1 million private dinners with Trump. The event is sponsored by major blockchain companies, highlighting industry support for the incoming administration. Sponsors include Coinbase, Metamask, Solana, MicroStrategy , Kraken, Galaxy Digital, and others. Co-hosts BTC Inc., Stand With Crypto, Exodus, Anchorage Digital, and Kraken are organizing the event, which runs from 8:00 p.m. to midnight. Mario Nawfal, a crypto entrepreneur, highlighted the significance of this gathering on X (formerly Twitter), writing, “This exclusive event shows strong industry support for a U.S. administration leaning toward pro-crypto policies.” Trump’s administration has already shown favor toward cryptocurrency, appointing key officials with blockchain-friendly views. These include David Sacks, Scott Bessent as Treasury Secretary, and Paul Atkins as SEC Chair. Although Trump is not expected to attend, the event serves as a platform for industry leaders to connect with his team. There is also significant anticipation for the new administration’s crypto advisory council, which aims to shape federal digital asset policies. Reports suggest this council could include around 20 CEOs and founders with strong connections to Trump. Mar-a-Lago has become a central meeting point for crypto executives and Trump’s advisors since his re-election. Notable figures, including Kris Marszalek of Crypto.com and Coinbase CEO Brian Armstrong, have recently met with Trump to discuss regulations. Ripple executives Brad Garlinghouse and Stu Alderoty also held a private dinner with Trump to address the SEC’s lawsuit against Ripple. Trump is reportedly planning to sign a significant pro-crypto executive order on his first day in office. This order would reverse a key SEC policy that limits banks from holding custody of Bitcoin and digital assets. Crypto firms have shown their support by contributing substantial funds to the inaugural committee. Coinbase, Kraken, and Ondo have each donated $1 million, while Ripple contributed $5 million worth of XRP coins to aid upcoming initiatives. As the “Crypto Ball” approaches, it is expected to attract top industry leaders eager to collaborate with Trump’s team and shape the future of U.S. cryptocurrency policies.

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