The crypto world is uniting to support President-elect Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President with significant contributions and a grand “Inaugural Crypto Ball” in Washington, DC. Scheduled for January 17, this black-tie event celebrates Trump’s pro-crypto policies and signals a revolutionary change toward digital currencies in U.S. policy.

Major Backing for the “Crypto Ball” Event

The Crypto Ball event is being hosted by BTC Inc. and co-hosted by Stand With Crypto, Exodus, Anchorage Digital, and Kraken. The event has garnered strong backing from major players like Coinbase, MicroStrategy, and Galaxy Digital. 

Prominent blockchain companies such as Sui, Mysten Labs, Solana, and Uniswap Labs are also key sponsors, showcasing the growing influence of crypto in mainstream politics.

Tickets for the event have seen overwhelming demand, with Gold tickets sold out at $2,500 each. Remaining options include $5,000 Black tickets and exclusive VIP packages priced at $100,000 or $1 million, offering unique perks like a private dinner with Trump.

While Trump is not expected to attend, his appointed AI and Crypto Czar, David Sacks, will host the ball. 

Trump To Form Crypto Advisory Council

Reports suggest that Trump is forming a Crypto Advisory Council of up to 22 blockchain leaders to guide federal policies. On his first day in office, Trump is expected to issue executive orders promoting Bitcoin and other cryptocurrencies. 

These orders may include overturning restrictive SEC policies and allowing banks to hold custody of digital assets.

Impact OF Crypto Ball Event On BTC Price

As the event nears, Bitcoin’s price has shown positive movement, recovering from $89K to $97K as of January 15. Analysts believe the combined impact of Trump’s inauguration and the Crypto Ball could push BTC past $100K, potentially reaching new all-time highs.

With financial pledges from firms like coinbase coinbase – [email protected] WalletCentralised Exchange and Ripple, and influential leaders gathering in Washington, the stage is set for a pivotal moment in shaping U.S. crypto policies.

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