Cryptoball’s celebration of Trump’s return represents hope for a new era of American policy making

In tuxedos and finery, one of the most fashionable industries on Friday night celebrated “Crypto ball“ is in Washington to welcome the incoming administration of President-elect Donald Trump, which a crowd of digital asset insiders are confident will elevate their sector to American legitimacy.

Big names in the field of cryptocurrencies, such as Michael Saylor and Brian Armstrong, Winklevoss brothers and Jesse Powell, the most prominent of whom are future officials in the next administration Trump’s Chosen Crypto Czar, David Sachs Mixed at Andrew W. Mellon Hall. While they sipped cocktails and ate truffle tuna tartare, they had a drink Performance by rapper Snoop Dogg And – perhaps more important for their prospects in Washington – Visit of House Speaker Mike Johnson.

This event represents the dramatic rise in Washington’s fortunes for the cryptocurrency industry. With the “Make Bitcoin Great Again” red hats. Circulating in the eventAttendees are counting on a close relationship with the new administration and the new session of Congress that could finally advance the policy of creating digital assets as a full part of the regulated US financial sector.

US technology companies – including cryptocurrency companies – have used inaugural contributions as Another way to show financial support for the new administration after Trump had already benefited from a number of big-dollar campaign supporters. Cryptocurrency companies, including Coinbase, Ripple, Kraken and Circle, made significant contributions to Trump’s inauguration committee, helping to push their totals to record levels. Some of the same companies are on the list of Crypto Ball sponsors.

The four-hour affair, which was advertised with various advertised prices of $2,500 and $5,000 for tickets, was described by a company spokesperson as an “exclusive social event,” and outside press were barred from joining the crowd of CEOs and founders.

Nestled among the neoclassical buildings that house the EPA’s headquarters is State Hall, the same historic space that witnessed the signings that led to the birth of NATO as well as President Bill Clinton’s signing of the North American Free Trade Agreement (both). Which is being severely criticized by the next president). On Sunday, the venue will also host an inauguration eve party hosted by conservative news anchor Newsmax.

By Monday, Trump will be sworn in as president. That ceremony has been moved indoors due to forecasts of cooler temperatures than the day Barack Obama first took the same oath, and is expected by Trump’s cryptocurrency supporters to quickly follow with a barrage of executive orders and appointments that they bet will put an end to the crisis. The industry is on a firmer footing with the US government.

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