Crypto Ball Marks Industry’s Optimism for New Administration Policies
The "Crypto Ball" event was held in Washington to celebrate the incoming administration of President-elect Donald Trump. Key attendees included:
- Michael Saylor
- Brian Armstrong
- Winklevoss brothers
- Jesse Powell
- David Sacks, Trump's crypto czar pick
- Speaker of the House Mike Johnson
The event signifies a growing relationship between the crypto industry and the new U.S. administration. Highlights include:
- Distribution of "Make Bitcoin Great Again" hats
- Major contributions from crypto firms like Coinbase, Ripple, Kraken, and Circle to Trump's inaugural committee
- Exclusive attendance, with ticket prices ranging from $2,500 to $5,000
- Performance by rapper Snoop Dogg
Trump's inauguration is expected to lead to executive orders favoring the crypto sector, potentially solidifying its status within the regulated U.S. financial system.
