The crypto world unites to support President-elect Donald Trump through significant contributions and a grand 'Inaugural Crypto Ball' event in Washington, D.C.
Support for the 'Crypto Ball' Event
The Crypto Ball event is hosted by BTC Inc. with co-hosts including Stand With Crypto, Exodus, Anchorage Digital, and Kraken. Major industry players like Coinbase, MicroStrategy, and Galaxy Digital are showing strong backing. Key sponsors like Sui, Mysten Labs, Solana, and Uniswap Labs highlight the growing influence of crypto in mainstream politics.
Formation of the Crypto Advisory Council
Reports suggest Trump is forming a Crypto Advisory Council of up to 22 blockchain leaders to guide federal policies. On his first day in office, Trump is expected to issue executive orders promoting Bitcoin and other cryptocurrencies. These possible orders may include reversing SEC policies and allowing banks to hold digital assets.
Impact of the 'Crypto Ball' on BTC Price
As the event nears, Bitcoin's price has shown positive movement, rising from $89K to $97K as of January 15. Analysts believe Trump's inauguration and the Crypto Ball could push BTC past $100K, potentially reaching new all-time highs. Financial pledges from firms like Coinbase and Ripple, alongside influential leaders gathering in Washington, set the stage for a pivotal moment in shaping U.S. crypto policies.
The crypto world is becoming a significant part of U.S. policy with strong support for Donald Trump. The Crypto Ball and the formation of the Advisory Council indicate the growing influence of digital currencies.
