Crypto Leaders Celebrate Policy Shift at Inaugural Ball

A celebratory atmosphere enveloped Washington D.C. as the crypto community gathered at the Andrew W. Mellon Auditorium for a gala marking the inauguration of Donald J. Trump, who has pledged to support cryptocurrency initiatives. The event featured industry leaders from firms such as Crypto.com and Kraken, and included performances by artists like Snoop Dogg, symbolizing a hopeful shift in regulatory attitudes towards digital currencies. Attendees expressed optimism about a future where cryptocurrencies gain legitimacy under a Trump administration, contrasting the previous administration's approach, which they found restrictive. David Sacks, appointed as Trump's crypto czar, emphasized the end of regulatory crackdowns in his speech, reflecting a collective sigh of relief among attendees. The gala, which saw ticket prices soar to $2,500, also demonstrated the crypto sector's financial backing of Trump's inaugural events, indicating their desire for a close relationship with the new administration. Overall, the event underscored a pivotal moment for the cryptocurrency industry, positioning it as a key player in America's financial future.