Crypto industry to host its own inaugural ball for president Trump on January 17

Source Cryptopolitan

On January 17, BTC Inc. and Stand With Crypto will host the first-ever Crypto Ball at the Andrew W. Mellon Auditorium in Washington, D.C.

The event celebrates the inauguration of President Donald Trump and Vice President J.D. Vance. Tickets? A cool $2,500 each. Time? 8:00 p.m. to midnight. Attire? Black tie, of course.

With cocktails, hors d’oeuvres, and valet parking, the crypto industry is making sure it’s seen, heard, and, most importantly, taken even more seriously than it already has been.

Crypto’s millions flood Trump’s inauguration

Trump’s inauguration committee has raked in $200 million so far, with projections of hitting $225 million by the big day. This is one of the largest in history, and crypto money is all over it. Ripple alone dropped $5 million, making it one of the top donors. Coinbase and Kraken each donated at least $1 million.

Big tech names like Jeff Bezos, Mark Zuckerberg, and Sam Altman joined the mix, each contributing $1 million. The tech sector sees crypto’s rising influence and wants a piece of the action—or at least a favorable regulatory shake-up.

Paul Atkins, a long-time crypto ally, is expected to replace SEC chair Gary Gensler. If this happens, it would end what the industry sees as an era of hostility. Atkins is viewed as someone who gets it—I mean, this guy first invested in Bitcoin over ten years ago.

Other nominees include Scott Bessent for Treasury and Howard Lutnick for Commerce. Both have pro-crypto views.

Crypto’s regulatory reset?

Later today, the 119th Congress will get to work. They’re mostly Republicans eager to push Trump’s picks through as quickly as possible, paving the way for big changes in regulations. For the crypto community, this can’t happen fast enough. Everyone’s counting on Trump to sign executive orders right after he’s sworn in.

The real action kicks off on January 20. The day starts early, with security gates opening at 6:00 a.m. ET to accommodate the crowds. By 9:30 a.m., musical performances will warm up the audience. At 11:30 a.m., dignitaries will gather for opening remarks on the Capitol’s West Front.

Then J.D. Vance will take his oath as vice president, followed by Donald Trump swearing in as the 47th president of the United States.

His inauguration speech is expected to lay out all plans for the next four years, and crypto insiders will be listening closely. Why? Because the industry anticipates immediate executive orders that could change everything.

Gary Gensler, the current SEC chair, is gonna resign right before the inauguration begins. After the ceremony, Trump and Vance will head to the President’s Room for photos and transitional documents. Lunch at the National Statuary Hall will bring together congressional leaders and select guests, setting the tone for the administration’s first official day.

A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Price Forecast: BTC risks losing $70,000 as AI and chip rally steal the spotlightBitcoin (BTC) edges below $73,000 at press time on Monday, extending its decline under the prevailing downside pressure from three consecutive weeks of losses.
Author  FXStreet
Jun 01, Mon
Bitcoin (BTC) edges below $73,000 at press time on Monday, extending its decline under the prevailing downside pressure from three consecutive weeks of losses.
placeholder
Gold declines below $4,500 as Iran tensions stoke inflation fears and bolster Fed hike betsGold price (XAU/USD) declines to around $4,485 during the early Asian session on Tuesday. The precious metal loses ground as renewed tensions in the Middle East continue to fuel concerns over inflation and expectations of elevated interest rates.
Author  FXStreet
Jun 02, Tue
Gold price (XAU/USD) declines to around $4,485 during the early Asian session on Tuesday. The precious metal loses ground as renewed tensions in the Middle East continue to fuel concerns over inflation and expectations of elevated interest rates.
placeholder
WTI rises to near $93.00 as Iran launches missiles toward Kuwait, BahrainWest Texas Intermediate (WTI) gains ground for the third successive day, trading around $92.90 per barrel during the Asian hours on Wednesday.
Author  FXStreet
Yesterday 01: 24
West Texas Intermediate (WTI) gains ground for the third successive day, trading around $92.90 per barrel during the Asian hours on Wednesday.
placeholder
Forex Today: US Dollar stays resilient ahead of key US dataHere is what you need to know on Wednesday, June 3:
Author  FXStreet
18 hours ago
Here is what you need to know on Wednesday, June 3:
placeholder
Bitcoin drops below $65K amid reinforced bear market signalsBitcoin (BTC) dipped further below $65,000 on Wednesday, with onchain data from Glassnode signaling a market firmly in a bear phase. The decline has pushed prices back into a key valuation range between the Realized Price and the True Market Mean.
Author  FXStreet
3 hours ago
Bitcoin (BTC) dipped further below $65,000 on Wednesday, with onchain data from Glassnode signaling a market firmly in a bear phase. The decline has pushed prices back into a key valuation range between the Realized Price and the True Market Mean.
goTop
quote