As Donald Trump's inauguration approaches on January 20th, the crypto industry is actively working to secure key positions within the new administration.
VIP Reception and David Sacks' Role
A VIP reception hosted by MAGA Inc. at the inaugural Crypto Ball is set for January 17th, featuring AI & Crypto Czar David Sacks. Tickets are $100,000 each, or $1 million for four tickets including a future dinner with President Trump.
Crypto Industry's Influence on Administration
Crypto leaders are seeking to reinforce their influence in the new administration through a Crypto Advisory Council, potentially including up to 22 CEOs and founders. Circle contributed $1 million via USDC to the inaugural committee. David Sacks, an early Bitcoin investor, has been appointed as Chief Technology Officer and crypto czar.
Cryptocurrency Market Outlook
Bitcoin trades below $94,000, indicating a mixed start to the year. Despite a post-election rally, concerns about Trump's crypto policy introduce uncertainty. Experts predict price volatility, while lawmakers discuss key issues like stablecoins and market structure.
The crypto industry continues to pursue opportunities and influence within the Trump administration, amid ongoing challenges and uncertainties. Despite short-term fluctuations, long-term market prospects remain strong.
