The first "Crypto Ball" is scheduled to be held on Friday, January 17th. This is just a few days before the January 20th inauguration of President-elect Donald Trump.
The event will be held at the Andrew W. Mellon Auditorium in Washington, D.C. It is expected to highlight American innovation and the new administration's crypto-friendly policies.
Crypto Czar David Saylor to Host First Crypto Ball
According to reports, the black-tie gala tickets are in high demand. The gold tickets, initially priced at $2,500, have sold out, and only the $5,000 black tickets remain.
The event is hosted by BTC Inc. and co-hosted by Stand With Crypto, Exodus, Anchorage Digital, and Kraken. It will run from 8 PM to midnight.
Sponsorship from major Blockchain companies emphasizes the industry's support. Notable sponsors include Coinbase, Sui, Misteng Labs, Metamask, Galaxy, Onramp, Solana, MicroStrategy, and Uniswap Labs.
"This exclusive event includes a $100,000 VIP ticket and a $1 million private dinner package with Trump. Major sponsors like Coinbase, MicroStrategy, and Galaxy Digital are supporting the event, signaling a shift towards a crypto-friendly U.S. administration." - Mario Nawfal, posted on X (formerly Twitter).
President-elect Trump has expressed strong support for Cryptocurrencies. He has appointed key figures with pro-crypto perspectives, including David Saylor as the AI and Crypto Czar, Scott Bessent as Treasury Secretary, and Paul Atkins as SEC Chairman.
While Trump himself is not expected to attend, David Saylor will host the inauguration event.
In addition to the "Crypto Ball," there is also focus on the anticipated crypto advisory council of the administration. This council is set to shape federal digital asset policy. Around 20 CEOs and founders are expected to participate in the group, many of whom have established relationships with Trump.
Crypto Industry Leaders Seek Engagement with Trump Administration
Following Trump's re-election, crypto executives have been actively engaging with the President-elect and his advisors. Mar-a-Lago has become a hub for discussions on crypto regulation and potential appointments.
Last month, Chris Marszalek, CEO of Crypto.com, met with Trump to discuss regulatory strategy. Ripple executives Brad Garlinghouse and Stu Alderoty recently had a dinner with Trump to discuss the SEC lawsuit.
Coinbase CEO Brian Armstrong has also had discussions with Trump in recent weeks.
Additionally, Trump is expected to sign a major pro-crypto executive order on his first day in office. This order is reported to reverse a key SEC policy that restricts the custody of BTC and digital assets.
Crypto companies have been providing substantial financial support to the new administration. The inauguration committee has received $1 million from Coinbase, Kraken, and Onramp.
Additionally, Ripple has donated $5 million worth of XRP to support the administration's initiatives.
As the inauguration approaches, the "Crypto Ball" is expected to draw in key industry figures seeking to engage with the Trump team and influence the future of U.S. crypto policy.
