2 hours ago
In tuxedos and finery, one of the most famously dressed-down industries celebrated Friday night with a " Crypto Ball " in Washington to welcome the incoming administration of President-elect Donald Trump, which the crowd of digital-assets insiders trusts will lift their sector into U.S. legitimacy. Big names in crypto, such as Michael Saylor, Brian Armstrong, the Winklevoss brothers and Jesse Powell, and future officials in the incoming administration, most notably Trump`s crypto czar pick, David Sacks mixed in the Andrew W. Mellon Auditorium. As they drank cocktails and downed truffle tuna tartare, they took in a performance from rapper Snoop Dogg and — maybe more significant for their Washington prospects — a visit from Speaker of the House Mike Johnson . The event marks the dramatic upswing in Washington fortunes for the crypto industry. With red "Make Bitcoin Great Again" hats circulated at the event , the attendees count on a close relationship with the new administration and the new session of Congress that could finally cement policy to establish digital assets as a full-fledged part of the regulated U.S. financial sector. U.S. tech firms — with crypto companies included — have used inauguration contributions as another means of showing financial support for the new administration after Trump had already benefited from a number of big-dollar campaign supporters. Crypto businesses, including Coinbase, Ripple, Kraken and Circle, have made major contributions to Trump`s inaugural committee, helping bring its total to record levels. Some of the same companies are on the Crypto Ball`s sponsor list. The four-hour affair, which was advertised at various advertised prices of $2,500 and $5,000 for the tickets, was billed by a spokesperson as an "exclusive social event," and the outside press was barred from joining the crowd of CEOs and founders. Nestled among the neoclassical buildings that house the Environmental Protection Agency headquarters, the government auditorium is the same historic space that saw the signatures that gave birth to the North Atlantic Treaty Organization and also President Bill Clinton`s signing of the North American Free Trade Agreement (both of which are roundly criticized by the incoming president). On Sunday, the venue will also house the inauguration-eve party hosted by conservative news purveyor Newsmax. By Monday, Trump will be sworn in as president. That ceremony, moved indoors because of forecasts of temperatures even more frigid than the day Barack Obama first took the same oath, is expected by Trump`s crypto supporters to be quickly followed by a rain of executive orders and appointments that they`re betting will put the industry on firmer footing with the U.S. government. Read More: Bitcoin Snaps Downtrend, Hits $105K as Anticipation Builds for Trump`s Inauguration
CoinDesk
You can visit the page to read the article.
Source: CoinDesk
Tags :
Policy Donald Trump White House snoop dogg Politics Regulation
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Ripple Celebrates New Opportunities as Gensler Steps Down from SEC
Gary Gensler ends his term as SEC Chairman, impacting crypto discussions. Ripple continues its legal fight against SEC claims regarding XRP. Continue Reading: Ripple Celebrates New Opportunities as Gensler Steps Down from SEC The post Ripple Celebrates New Opportunities as Gensler Steps Down from SEC appeared first on COINTURK NEWS . CoinDesk
Ethereum’s $10K Potential: Why Solana and These Cryptos Are Must-Haves
A well-known Bitcoin billionaire who once built their fortune on Bitcoin’s meteoric rise is now turning their attention to a new altcoin, predicting an astonishing 150x return. While Bitcoin (BTC) remains a stronghold, the billionaire’s shift in focus has intrigued many in the crypto community. BigBossInu, along with established names like Cardano (ADA), Solana (SOL), Kaspa (KAS), and Arbitrum (ARB), is emerging as one of the most promising altcoins in 2025. Let’s dive into why these altcoins are capturing attention and why BigBossInu might be the next big thing in the cryptocurrency market. BigBossInu: Shaking Up the Crypto World with a Powerful Presale BigBossInu is making waves in the crypto space, thanks to its dynamic and l presale that is drawing significant attention from investors. Investors are flocking to the project for its high-reward potential, driven by an ambitious vision and trailblazing technology. With a roadmap designed for scalability and growth, BigBossInu is well-positioned for significant returns in the near future. BigBossInu : $100,000 raised in minutes! Celebrate with a 50% EXTRA BONUS using code EXTRA50X for a limited time only. >> Cardano (ADA) has consistently been one of the top-performing cryptocurrencies due to its focus on sustainability, scalability, and security. Cardano’s methodical, research-driven development process ensures that it remains at the forefront of blockchain innovation. Solana (SOL) continues to be a leader in high-speed blockchain transactions, with its network capable of handling thousands of transactions per second at low costs. Its ability to handle a high volume of transactions has made it a go-to platform for building decentralized projects. Kaspa (KAS) is gaining attention for its innovative approach to Proof-of-Work (PoW) consensus, offering fast, energy-efficient transactions. With increasing adoption, Kaspa (KAS), currently priced at a modest $0.05, making it one of the altcoins to keep an eye on for high returns. Arbitrum (ARB) is a decentralized application (dApps) and DeFi projects continue to flock to the Ethereum network, solutions like Arbitrum are becoming more essential. Arbitrum’s potential for high returns makes it a strong contender for investors looking to capitalize on Ethereum’s continued success. >>>> Conclusion As the cryptocurrency market evolves, BigBossInu has emerged as a top pick for investors seeking explosive growth, with one Bitcoin billionaire predicting a 150x return. While established altcoins like Cardano (ADA), Solana (SOL), Kaspa (KAS), and Arbitrum (ARB) remain strong contenders for significant gains for 2025. To learn more about BigBossInu and its Presale visit: Presale: https://bigbossinu.com/buy-token Website: https://bigbossinu.com Telegram: https://t.me/bigbossinu X/Twitter: https://x.com/BigBossInu Continue Reading: Ethereum’s $10K Potential: Why Solana and These Cryptos Are Must-Haves CoinDesk
