The first "Crypto Ball" will be held on Friday, January 17, just a few days before the inauguration of President-elect Donald Trump on January 20.

The event will be held at the Andrew W. Mellon Auditorium in Washington D.C. It is expected to highlight the innovation of America and the crypto-friendly policies of the incoming administration.

Crypto Czar David Sacks to Host Crypto Ball Event

According to reports, tickets for this formal gala are in high demand. The sold-out Gold tickets were initially priced at $2,500, with only Black tickets remaining at $5,000. The event is organized by BTC Inc. and co-hosted by Stand With Crypto, Exodus, Anchorage Digital, and Kraken. The event will run from 8 PM to midnight.

Sponsorship from prominent blockchain companies underscores the industry's support. Notable sponsors include Coinbase, Sui, Mysten Labs, Metamask, Galaxy, Ondo, Solana, Microstrategy, Uniswap Labs, and others.

"This exclusive event has $100,000 VIP tickets and $1 million private dinner packages with Trump. Major sponsors like Coinbase, MicroStrategy, and Galaxy Digital are backing this event, signaling a shift towards a crypto-friendly U.S. administration,"

Mario Nawfal wrote on X (formerly Twitter).

President-elect Trump has expressed strong support for cryptocurrencies, appointing key officials with pro-crypto views. This includes David Sacks as the head of AI and Crypto, Scott Bessent as Treasury Secretary, and Paul Atkins as SEC Chair. While Trump is not expected to attend, David Sacks will preside over the opening gala.

In addition to the "Crypto Ball," attention is also focused on the incoming administration's expected cryptocurrency advisory council. This council aims to shape federal digital asset policies. Around 20 CEOs and founders are expected to participate, many of whom have connections to Trump.

Industry Leaders Seek Influence in the New Administration

Since Trump's re-election, crypto executives have actively met with the President-elect and his advisors. Mar-a-Lago has become a hub for discussions on cryptocurrency regulations and potential appointments.

Last month, Crypto.com CEO Kris Marszalek met with Trump to discuss regulatory strategies. Ripple executives Brad Garlinghouse and Stu Alderoty recently dined with Trump to address the SEC's lawsuit against the company. Meanwhile, Coinbase CEO Brian Armstrong has also had discussions with Trump in recent weeks.

Furthermore, Trump is expected to sign a crucial executive order supporting cryptocurrencies on his first day in office. This order is said to reverse a key SEC policy that restricts banks from holding Bitcoin and digital assets under supervision.

Cryptocurrency companies are supporting the new administration with significant financial commitments. The inaugural committee has received $1 million from Coinbase, Kraken, and Ondo. Ripple has also contributed $5 million worth of XRP coins to support the administration's initiatives.

As the inauguration approaches, the "Crypto Ball" is expected to attract top industry figures seeking to collaborate with Trump's team and influence the future of cryptocurrency policies in the U.S.

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