The inaugural crypto ball will feature a VIP reception hosted by Trump’s MAGA Inc. and AI & Crypto Czar David Sacks

Source Cryptopolitan

Fox Business journalist Eleanor Terret has revealed there will be a VIP reception hosted by Trump’s super PAC MAGA Inc, with AI & Crypto Czar David Sacks. The first-ever Crypto Ball will coincide with the inauguration of President Donald Trump and Vice President J.D. Vance. 

News correspondent Terret confirmed the exclusive gathering via a post on X, adding that President Trump will not attend the reception personally.

As reported by Cryptopolitan, the event, organized by BTC Inc. and Stand With Crypto, will take place on January 17 at the Andrew W. Mellon Auditorium in Washington, D.C.

In her post, Terret also noted that tickets for the reception are priced at $100,000 each. Attendees can also opt for a package of four tickets for $1 million, which includes a single ticket to a future dinner with President Trump.

Crypto industry takes over Washington 

Industry leaders believe the Crypto Ball is a significant shift in the cryptocurrency sector’s relationship with Washington. The event, sponsored by Trump affiliates and known associates, is a signal that the incoming administration could become the most pro-crypto government in US history. 

Policy experts anticipate the administration will push for regulatory changes aligned with the sector’s interests, including a focus on creating a crypto-friendly environment for innovation and financial access.

Charles Hoskinson, co-founder of Cardano’s IOHK, confirmed that representatives from his organization would attend the event. 

Prominent crypto companies such as MicroStrategy, Coinbase, Marathon Digital, Galaxy Digital, and MetaMask have joined as sponsors, underscoring the industry’s enthusiasm for the event.

The Crypto Ball’s announcement initially saw tickets priced at $2,500. However, demand has driven the cost up to $5,000. Organizers expect attendance to include industry heavyweights, policymakers, and crypto advocates eager to network and discuss the future of cryptocurrency under the Trump administration.

US crypto regulation is changing: From outsiders to influencers

Jack Posobiec, a prominent MAGA podcaster and one of the event’s organizers, described the Crypto Ball as a “spiritual successor” to the 2017 DeploraBall. “Before, we were the outsiders looking in, and now we’re walking in the front door,” Posobiec said. “This is a regime change.”

Trump’s views on crypto are a stark contrast to the Biden administration’s regulatory stance, which many in the industry viewed as restrictive. The 47th US President’s inauguration signals a shift toward fostering American leadership in cryptocurrency, given his appointments of crypto-friendly SEC Chair Paul Atkins and White House Crypto Czar David Sacks.

On the campaign trail, Trump branded himself as the “crypto president,” courting the industry with pledges of a supportive regulatory environment. Insiders expect the administration to issue a series of executive orders to deliver on these pledges. 

The president-elect made several promises, including the creation of a national bitcoin reserve. He also vowed to push regulators to allow crypto firms have access to banking services, and establish a dedicated crypto council.

Brian Hughes, a spokesperson for Trump’s transition team, echoed the administration’s commitment to reversing what he called a bureaucratic effort to stifle innovation. “President Trump will deliver on his promise to encourage American leadership in crypto,” Hughes reiterated.

While most crypto executives are optimistic, some analysts remain cautious of Trump’s crypto policies. Jonah Crane, a partner at the financial firm Klaros Group, pointed out that federal bank regulators operate independently, limiting the immediate impact of executive orders. 

They are not going to change policy on the ground on day one,” Crane said. “But they will tell you what direction this administration wants to head.

Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Ethereum Price Forecast: ETH tests $3,000 following strong ETF and treasury inflowsEthereum (ETH) climbed above $2,900 on Thursday, mimicking the rally seen in Bitcoin.
Author  FXStreet
Yesterday 01: 36
Ethereum (ETH) climbed above $2,900 on Thursday, mimicking the rally seen in Bitcoin.
placeholder
Bitcoin's surge to new all-time high sparks $1 billion in short liquidationsBitcoin (BTC) traded above 4% on Thursday after soaring to a new all-time high above $116,800. The rally, which appears to be leverage-driven, triggered over a $1 billion short-squeeze across the entire crypto market.
Author  FXStreet
Yesterday 03: 24
Bitcoin (BTC) traded above 4% on Thursday after soaring to a new all-time high above $116,800. The rally, which appears to be leverage-driven, triggered over a $1 billion short-squeeze across the entire crypto market.
placeholder
Japanese Yen dives back closer to weekly trough against a broadly firmer USDThe Japanese Yen (JPY) drifts lower against a broadly stronger US Dollar (USD) during the Asian session on Friday.
Author  FXStreet
Yesterday 03: 45
The Japanese Yen (JPY) drifts lower against a broadly stronger US Dollar (USD) during the Asian session on Friday.
placeholder
Dogecoin (DOGE) Rockets to $0.20 — Can It Go Even Higher?Dogecoin started a fresh increase above the $0.180 zone against the US Dollar.
Author  NewsBTC
Yesterday 06: 41
Dogecoin started a fresh increase above the $0.180 zone against the US Dollar.
placeholder
Gold price approaches weekly high as tariff jitters boost safe-haven demandGold price (XAU/USD) is gaining positive traction for the third consecutive day on Friday and approaching the top end of its weekly range amid rising trade tensions.
Author  FXStreet
Yesterday 06: 43
Gold price (XAU/USD) is gaining positive traction for the third consecutive day on Friday and approaching the top end of its weekly range amid rising trade tensions.
goTop
quote