The first "Crypto Ball" event will take place 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., and is expected to spotlight the innovation of the United States and the crypto-friendly policies of the incoming administration.
Crypto representative David Sacks will host the first Crypto Ball
According to reports, tickets for this formal gala are in high demand. Gold tickets, which were initially priced at $2,500, have sold out, 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, and will run from 8 PM to midnight.
Leading Blockchain companies sponsoring the event 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 behind the event, signaling a shift towards a crypto-friendly administration in the US," wrote Mario Nawfal on X (formerly Twitter).
President-elect Trump has publicly expressed strong support for cryptocurrencies, appointing crypto-friendly officials such as David Sacks as AI and Crypto Representative, Scott Bessent as Treasury Secretary, and Paul Atkins as SEC Chairman.
While Trump is not expected to attend, David Sacks will host the gala.
In addition to the "Crypto Ball," attention is also focused on the potential formation of a cryptocurrency advisory council for the incoming administration, which could shape federal digital asset policy. Around 20 CEOs and founders, many of whom have good relationships with Trump, may join this council.
Industry leaders seek influence in the new administration
Since Trump's re-election, cryptocurrency executives have actively reached out to 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 management strategies. Ripple executives like Brad Garlinghouse and Stu Alderoty have recently dined with Trump to discuss the SEC's lawsuit against the company.
Additionally, Coinbase CEO Brian Armstrong has also met with Trump in the past few weeks.
Furthermore, Trump is expected to sign a major executive order supporting cryptocurrencies on his first day in office. This order is said to reverse a key SEC policy that restricted banks from holding Bitcoin and digital asset custody.
Cryptocurrency companies are supporting the new administration with significant financial commitments. The inauguration committee has received $1 million from Coinbase, Kraken, and Ondo.
Additionally, Ripple has contributed $5 million in XRP to support the administration's initiatives.
As the inauguration approaches, the "Crypto Ball" is expected to attract major industry figures, eager to engage with Trump's team and influence the future of U.S. cryptocurrency policy.
