On Friday, January 17, America hosted its first-ever Crypto Ball at the Andrew W. Mellon Auditorium in Washington, DC. The crypto event ushered in what industry leaders are calling “the most pro-crypto administration,” led by America’s 47th tooth. , Donald Trump.
Washington, DC stayed up all night Friday as history was made at Trump’s first Crypto Ball. The event hosted by his new AI and crypto czar, David Sacks, wasn’t just any gala; it was a four-hour spectacle where political elites, the wealthy, and blockchain technology troops came together to “Make America Great Again.”
“Crypto is big right now… Trump is killing it in the crypto game, and there’s a lot of money to be made there,” political commentator Rob Smith said in a video which he published on X.
The crypto ball was sold out: all eyes are on the “crypto tooth”
The who’s who of the crypto world gathered under the auditorium’s high ceilings, colored by the banners of several sponsors like Coinbase’s Stand With Crypto, Kraken, Anchorage Digital and Exodus.
Attendees were seen drinking cocktails, white wine clarets and munching on beef tenderloin sliders on the sides.
Michael Saylor, Brian Arms tron g, the Wink Levoss twins and Jesse Powell were all there in tuxedos, mingling with political players, including House Speaker Mike Johnson.
Days before the inaugural ball, tickets were sold at $2,500 and $5,000 levels, with ultra-exclusive packages including $100,000 VIP tickets and private dinners priced at $1 million. Even press access was restricted; it wasn’t just a show that everyone could participate in.
Attendees were treated to performances from rap legends Snoop Dogg, Rick Ross and Soulja Boy.
Trump Coin, a Solana shared on Trump’s social media accounts on X and Truth Social just hours before the event, added to the extravagance of the evening
News of the launch spread like wildfire and traders flocked to join. However, there was quite a skepticism towards X from the crypto community, which speculated that the accounts of the chosen tooth could have been hacked.
-Trump’s social media posts remained active and crypto enthusiasts like Mario Nawfal confirmed that it was not a scam; the new POTUS actually launched a memecoin, which gradually eased the community’s concerns.
Early on-chain analytics revealed that the token reached a market cap of $8 billion in just three hours, putting it in the top 20 on the market cap rankings.
After his inauguration on January 20, Trump is expected to issue his first executive order on crypto, as the industry continues to expect his administration to create a more favorable environment for digital currencies in the coming months.
Nonprofits DSA and WLF reveal their plans
During the crypto ball, the non-profit organization affiliated with Tron announced on X unveiling its partnership with the new administration to drive ethical policies that benefit the public. DSA was one of the sponsors of the crypto event.
“We look forward to working with the new administration to foster innovation through ethical policies that prioritize public welfare,” the organization noted.
Separately, a source close to the Trump family revealed that World Liberty Financial (WLF) was considering adding Tron’s TRX to its reserves. The anonymous source also confirmed that a Tron delegation, led by company founder Justin Sun, was expected to attend the Tooth inauguration.
The digital assets inaugural ball was a dazzling mix of popularity and ambition; the air was buzzing with discussions about the future of blockchain. It wasn’t just about cementing crypto as a legitimate and influential force in America. ZeroHash CEO Ed Woodford called the event “a great evening that is an incredible tailwind for all of us.”
Whether this marks the start of a true crypto renaissance or is simply another chapter in the industry’s growth, one thing is certain: Donald Trump is good for crypto.
