Written by Douglas Gillison, Suzanne McGee, Michelle Price
WASHINGTON (Reuters) – Crypto industry executives celebrated President-elect Donald Trump’s upcoming inauguration on Friday night by drinking cocktails and dancing to superstar Snoop Dogg’s rap. The administration has promised major changes to crypto policy.
After years of clashes with policymakers in Washington, executives from crypto companies such as Crypto.com, Kraken and Exodus have announced plans to build a 62-foot (19-meter) tall pillar.
Attendees dressed in black ties and ball gowns feasted on miniature lobster rolls and burgers and fries from Trump’s favorite McDonald’s, according to social media posts and two people who spoke to Reuters. I was eating. In addition to Snoop Dogg, the entertainment lineup also included rappers Rick Ross and Soulja Boy, according to attendees.
The crypto celebration, one of many in Washington ahead of President Trump’s swearing-in on Monday, marks a surprising turnaround for an industry that has been a target of the Biden administration. Two years ago, it looked like it was on the verge of extinction with the collapse of FTX.
Although he did not attend the gala, Trump has called for cryptocurrency campaign contributions on the promise of becoming the “crypto president,” and will launch a campaign next week aimed at reducing hurdles in cryptocurrency regulation and promoting the adoption of digital assets. It is expected that he will issue a presidential order.
“We’ve had a lot of dark years,” said Les Borsai, co-founder of Wave Digital Assets, a crypto investment advisor who flew in from Los Angeles. “If this means what the future looks like…I think that’s the optimistic thing we’ve been waiting for.”
The stolen items also included a red “Make Bitcoin Great Again” baseball cap and an Stars and Stripes pin with the Gemini symbol from event sponsor and cryptocurrency exchange founded by Trump campaign supporters Cameron and Tyler Winklevoss. It was included.
sold out
According to the ball’s website, tickets are sold out at a general admission price of $2,500 each, but attendees and crypto media say the VIP package is priced at an unbelievable $100,000, with President Trump’s next crypto czar He was offered a FaceTime session with the gala’s host, technology entrepreneur David Sachs.
Approximately 1,500 people participated.
Several other officials from the incoming Trump administration also attended, according to attendees. Other sponsors included Robinhood, MicroStrategy, and Crypto.com’s digital assets arm, according to the event’s website. Sponsors had cocktails named in their honor.
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