Fox Business journalist Eleanor Terret has revealed there will be a VIP reception hosted by Trump’s super PAC MAGA Inc, with AI & Crypto Czar David Sacks. The first-ever Crypto Ball will coincide with the inauguration of President Donald Trump and Vice President J.D. Vance.
News correspondent Terret confirmed the exclusive gathering via a post on X, adding that President Trump will not attend the reception personally.
NEW: During the inaugural #crypto ball next Friday there will also be a VIP reception hosted by Trump super PAC MAGA Inc, with AI & Crypto Czar @DavidSacks. I am told @realDonaldTrump will not be in attendance.
Tickets for the reception are going for $100,000 each or… https://t.co/yP8ByHh1VV
— Eleanor Terrett (@EleanorTerrett) January 11, 2025
As reported by Cryptopolitan, the event, organized by BTC Inc. and Stand With Crypto, will take place on January 17 at the Andrew W. Mellon Auditorium in Washington, D.C.
In her post, Terret also noted that tickets for the reception are priced at $100,000 each. Attendees can also opt for a package of four tickets for $1 million, which includes a single ticket to a future dinner with President Trump.
Crypto industry takes over Washington
Industry leaders believe the Crypto Ball is a significant shift in the cryptocurrency sector’s relationship with Washington. The event, sponsored by Trump affiliates and known associates, is a signal that the incoming administration could become the most pro-crypto government in US history.
Policy experts anticipate the administration will push for regulatory changes aligned with the sector’s interests, including a focus on creating a crypto-friendly environment for innovation and financial access.
Charles Hoskinson, co-founder of Cardano’s IOHK, confirmed that representatives from his organization would attend the event.
We got 5 people, i believe, going
— Charles Hoskinson (@IOHK_Charles) January 11, 2025
Prominent crypto companies such as MicroStrategy, Coinbase, Marathon Digital, Galaxy Digital, and MetaMask have joined as sponsors, underscoring the industry’s enthusiasm for the event.
The Crypto Ball’s announcement initially saw tickets priced at $2,500. However, demand has driven the cost up to $5,000. Organizers expect attendance to include industry heavyweights, policymakers, and crypto advocates eager to network and discuss the future of cryptocurrency under the Trump administration.
US crypto regulation is changing: From outsiders to influencers
Jack Posobiec, a prominent MAGA podcaster and one of the event’s organizers, described the Crypto Ball as a “spiritual successor” to the 2017 DeploraBall. “Before, we were the outsiders looking in, and now we’re walking in the front door,” Posobiec said. “This is a regime change.”
Trump’s views on crypto are a stark contrast to the Biden administration’s regulatory stance, which many in the industry viewed as restrictive. The 47th US President’s inauguration signals a shift toward fostering American leadership in cryptocurrency, given his appointments of crypto-friendly SEC Chair Paul Atkins and White House Crypto Czar David Sacks.
On the campaign trail, Trump branded himself as the “crypto president,” courting the industry with pledges of a supportive regulatory environment. Insiders expect the administration to issue a series of executive orders to deliver on these pledges.
The president-elect made several promises, including the creation of a national bitcoin reserve. He also vowed to push regulators to allow crypto firms have access to banking services, and establish a dedicated crypto council.
Brian Hughes, a spokesperson for Trump’s transition team, echoed the administration’s commitment to reversing what he called a bureaucratic effort to stifle innovation. “President Trump will deliver on his promise to encourage American leadership in crypto,” Hughes reiterated.
Trump is now the clear “pro-crypto” candidate.
The Democrats made him it by default.
They gave him a free, easy and growing political win with almost zero downside, purely by following Elizabeth Warren and Joe Biden on their anti-crypto crusade.pic.twitter.com/mdFHjFoimn
— Geiger Capital (@Geiger_Capital) May 26, 2024
While most crypto executives are optimistic, some analysts remain cautious of Trump’s crypto policies. Jonah Crane, a partner at the financial firm Klaros Group, pointed out that federal bank regulators operate independently, limiting the immediate impact of executive orders.
“They are not going to change policy on the ground on day one,” Crane said. “But they will tell you what direction this administration wants to head.”
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