The crypto industry is stepping into the spotlight with the inaugural Crypto Ball, set to take place on January 17 at the Andrew W. Mellon Auditorium in Washington, D.C. Organized by BTC Inc. and Stand With Crypto, the event coincides with President Donald Trump’s and Vice President J.D. Vance’s inaugurations.
Tickets for this black-tie affair are priced at $2,500 each, promising cocktails, hors d’oeuvres, and valet parking for attendees from 8:00 p.m. to midnight.
Crypto’s growing influence in Trump’s inauguration
President Trump’s inauguration committee has already raised $200 million, with estimates suggesting the final tally could reach $225 million. This marks one of the largest inauguration fundraising efforts in U.S. history, with significant contributions from the crypto sector. Ripple has emerged as a leading donor, contributing $5 million, while Coinbase and Kraken have donated $1 million.
Tech industry leaders, including Jeff Bezos, Mark Zuckerberg, and Sam Altman, contributed $1 million to the event. Observers note that this wave of donations signals the tech and crypto industries’ intention to secure regulatory changes that could benefit their interests.
Regulatory changes on the horizon
As Trump’s administration prepares to take office, the crypto community is optimistic about potential shifts in financial regulations. Paul Atkins, a long-time crypto advocate, is rumored to be the top choice to replace SEC Chair Gary Gensler. Atkins, who has been involved in Bitcoin for over a decade, is a favorable pick for the industry.
Additionally, Scott Bessent and Howard Lutnick are expected to take key roles in the Treasury and Commerce Departments. Both are regarded as supportive of cryptocurrency and blockchain innovation. Congress, which begins its session today, will likely prioritize confirming these appointments swiftly.
Inauguration day plans
On January 20, official events for Trump’s swearing-in will begin early, with security gates opening at 6:00 a.m. Musical performances will entertain attendees before the ceremony, which starts at 11:30 a.m. J.D. Vance will be sworn in as vice president, followed by Donald Trump taking the oath of office as the 47th president.
Trump’s inaugural speech is expected to outline key initiatives for the coming term, with the crypto sector hoping for immediate executive actions that reshape regulatory policies. Following the ceremony, Trump and Vance will participate in traditional post-inauguration activities, including a luncheon with congressional leaders and guests at the National Statuary Hall.
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