The crypto industry gathered at the first-ever crypto inauguration ball, celebrating President-elect Donald Trump’s presidency and the promise of major changes in crypto policy. Executives from prominent crypto companies like Crypto.com, Kraken, and Exodus mingled with politicians and industry leaders, enjoying cocktails and dancing to rap music by Snoop Dogg.
The event marked a significant turning point for the industry, which has faced regulatory challenges under President Joe Biden’s administration. Trump’s campaign promise of being a “crypto president” resonated with executives, who expressed optimism about the future of digital assets. In addition to attending the gala, many crypto companies have already pledged support for the new administration.
Trump is expected to issue executive orders aimed at reducing regulatory roadblocks and promoting widespread adoption of digital assets. Industry leaders are cautiously optimistic about these changes, which could lead to increased investment and growth in the sector. As one attendee noted, “If this signifies what the future looks like… I think that’s the optimism we’ve been waiting for.”
Source: https://www.reuters.com/world/us/with-cocktails-snoop-dogg-crypto-industry-celebrates-trump-inauguration-2025-01-18