Article author, source: MetaEra
The Inaugural Crypto Ball, a crypto ball to celebrate the presidential inauguration, is about to open. The event is hosted by BTC Inc. and Stand With Crypto and will be held at 8:00 pm local time on Friday, January 17, 2025 at the Andrew W Mellon Auditorium in Washington DC, the capital of the United States.
Here are the highlights of the event exclusively from MetaEra:
1. Crypto Tsar David Sacks co-hosts the event
Industry insiders have high hopes for the participation of the new AI and cryptocurrency czar David Sacks in hosting this globally watched event. Market analysts believe that as the newly appointed cryptocurrency czar, David Sacks will play a bridging role between the government and the cryptocurrency industry and accelerate the process of the US Bitcoin strategic reserve. He will play a key role in eliminating excessive regulation and formulating policies that are conducive to the simultaneous operation of the cryptocurrency industry and the traditional financial industry.
2. Strong support from well-known listed companies and leading companies in the crypto industry
According to the official website of the event, the sponsorship list of this ball includes not only leading companies in the native crypto track such as Anchorage, Kraken, Sui, MetaMask, Galaxy, Ondo, Solana, Etoro, Uniswap, but also well-known crypto-friendly listed companies such as Coinbase, MicroStrategy, Marathon Digital, Nano Labs, Exodus, Metaplanet, etc. The strong support of these large companies and institutions displayed on the official website of the event not only reflects the market's optimism and purchasing power, but also represents the determination of industry leaders and builders to actively embrace supervision and enter the mainstream market.
3. Cryptocurrency themes are integrated into mainstream U.S. political and business activities
During the presidential inauguration, the Crypto Ball made the industry the focus of attention again, and also meant the mainstreaming of the cryptocurrency industry. The high-profile VIP treatment and expensive ticket prices, as well as the gathering of the core political and industry circles, made people have high hopes for the grand future of the cryptocurrency industry under the leadership of the new government. Industry leaders also generally believe that this theme ball marks a major turning point in the relationship between the cryptocurrency industry and Washington. The enthusiastic participation of the new president's confidants and industry celebrities implies that the incoming Trump team may become the most supportive of cryptocurrency in American history.
The following are the interpretations of the event by celebrities from all walks of life:
Bitcoin Magazine CEO David Bailey tweeted that the event is intended to "celebrate the birth of the first Bitcoin President and show DC that change is coming." Attendees will meet "members of Congress, new government members, industry leaders, and these pillars will work together over the next four years to make the United States the world center for the Bitcoin and crypto industry."
Fox Business News reporter Eleanor Terret revealed on the X platform: During the Crypto Ball event, Trump's super PAC MAGA Inc will also host a VIP reception with AI and cryptocurrency czar David Sacks (President-elect Trump has no plans to attend). Tickets for the reception will be as high as $100,000 each.
Fred Thiel, Chairman and CEO of MARA Holdings, said in a tweet: “Bitcoin is the future, and the United States is ready to lead this change, empowering a new era of economic growth, national security, and freedom. MARA is honored to sponsor the first-ever Crypto Ball in Washington, DC, hosted by David Sacks and David Bailley.”
Jack Kong, founder and CEO of Nano Labs, also tweeted: "It is a great honor to be invited to the first presidential inauguration crypto ball, which is a landmark event. Nano Labs will support the first crypto ball in Washington, DC, co-hosted by David Bailey and AI and cryptocurrency czar David Sacks. Blockchain will reshape the future of finance and technology, let us work together to create brilliance! Congratulations to President Donald Trump!"
It is worth noting that the Digital Sovereign Alliance (DSA) is also one of the sponsors of this event. According to Cointelegraph : "DSA, which is committed to improving the quality of public policy and the public's understanding of blockchain technology, announced that it has received support from a pioneer alliance from the crypto and blockchain industries, led by TRON DAO". TRON founder Justin Sun also publicly emphasized his support for DSA: "TRON is proud to support DSA to support the industry's efforts to advance crypto policy in the United States. We are pleased to see DSA working closely with legislators, industry experts and community leaders to develop crypto legislation, which will promote the healthy development of the entire digital asset industry."