The newly appointed AI and Crypto Czar David Sacks will host the inaugural Crypto Ball with several industry leaders in attendance next week. As Donald Trump takes charge as President on January 20, the crypto industry has high hopes from Sacks with expectations of more crypto-friendly policies.

Crypto Ball to Have Exclusive VIP Reception With David Sacks

Next Friday, BTC Inc. along with Stand With Crypto will host the inaugural Crypto Ball event featuring a VIP reception hosted by MAGA Inc., a Trump-aligned super PAC. AI and Crypto Czar David Sacks will be leading the event, reported Fox Business’ crypto journalist Eleanor Terret.

A Closer Look Into The Development

Citing sources familiar with the matter, Terret also stated that President-elect Donald Trump won’t be attending the event. The tickets for the exclusive VIP reception are currently priced at $100,000 each.

For those seeking a premium experience, a $1 million package is also available, which includes four reception tickets and a single ticket to a future dinner with President Trump. With the Inaugural Crypto Ball event, crypto industry leaders are likely to assert more influence in Washington DC.

The Trump administration is likely to be the most overtly pro-crypto in history, with plans to implement industry-friendly policies. This also includes a comprehensive overhaul of financial regulations to address the sector’s key priorities.

Crypto Czar David Sacks In Focus

The role of crypto czar David Sacks would be crucial in crypto-policy framing as he will serve as the bridge between the Trump administration and the crypto industry. Market analysts believe that he would play a crucial role in removing excessive regulations and bringing conducive policies for the crypto industry to function in sync with the traditional financial industry.

This would also pave the way for building a strategic US Bitcoin reserve. Besides, the anticipation over the reserve is also soaring as Paul Atkins is also scheduled to succeed the current US SEC Chair Gary Gensler later these months. These are among the top crypto events for January alongside Donald Trump’s inauguration.

Industry Leaders Extend Support

Some of the top crypto industry firms like MicroStrategy, Coinbase, MetaMask, Metaplanet, and Galaxy Digital, have joined as sponsors of the Crypto Ball event. Bitcoin miner Marathon Digital recently joined the list of sponsors for the event. Chairman and CEO of MARA Holdings, Fred Thiel stated:

“Bitcoin represents the future and America is primed to lead the charge, empowering a new era of economic growth, national security, and freedom. MARA is proud to sponsor the Inaugural Crypto Ball in Washington DC, hosted by David Sacks and David Bailley”.

The industry will be watching the first major crypto event directly in association with the lawmakers from the White House. This would help to fast-track crypto policies and help in realizing Trump’s dream of making America the crypto capital of the world.

The post Crypto Czar David Sacks To Host Inaugural Crypto Ball, What to Expect? appeared first on CoinGape.

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Filed under: News - @ January 11, 2025 7:29 am