In tuxedo and finery, one of the most famous industries celebrated Friday night with a “Crypto Ball” in Washington to welcome the incoming administration of President-elect Donald Trump, who is trusted by the multitude of digital asset experts to will boost your sector. on the legitimacy of the United States.
Big names in cryptocurrencies, such as Michael Saylor, Brian Armstrong, the Winklevoss brothers and Jesse Powell, and future officials of the incoming administration, notably Trump’s chosen cryptocurrency czar, David Sacks, mingled in the Andrew W. Auditorium. Mellon. While they sipped cocktails and munched on truffle tuna tartare, they attended a performance by rapper Snoop Dogg and, perhaps more important for their prospects in Washington, a visit from House Speaker Mike Johnson.
The event marks the dramatic upturn in fortunes for the crypto industry in Washington. With red “Make Bitcoin Great Again” hats circulating at the event, attendees are counting on a close relationship with the new administration and the new session of Congress that could finally cement policy to establish digital assets as a full-fledged of the regulated US. financial sector.
American technology companies, including cryptocurrency companies, have used inauguration contributions as another means to show financial support for the new administration after Trump had already benefited several campaign supporters with big dollars. Cryptocurrency companies including Coinbase, Ripple, Kraken and Circle have made significant contributions to Trump’s inaugural committee, helping push his total to record levels. Some of the same companies are on the list of Crypto Ball sponsors.
The four-hour event, which was advertised at various advertised prices of $2,500 and $5,000 for tickets, was billed by a spokesperson as an “exclusive social event,” and outside press was prohibited from joining the crowd of CEOs. and founders.
Located among the neoclassical buildings that house the headquarters of the Environmental Protection Agency, the government auditorium is the same historic space that saw the signatures that gave rise to the North Atlantic Treaty Organization and also the signing of the American Free Trade Agreement of the North by President Bill Clinton (both of whom are harshly criticized by the incoming president). On Sunday, the venue will also host the launch party hosted by conservative news provider Newsmax.
On Monday, Trump will be sworn in as president. Trump’s cryptocurrency supporters hope that ceremony, moved indoors due to forecasts of even colder temperatures than the day Barack Obama first took the same oath of office, will be quickly followed by a barrage of executive orders and appointments that They will, they bet, put the industry on firmer footing with the US government.
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