From Investing.com: 2025-01-18 17:27:07

Cryptocurrency executives celebrated Trump’s upcoming inauguration at a gala promising crypto policy changes. The event featured Snoop Dogg, Rick Ross, and Soulja Boy. Trump, a self-proclaimed “crypto president,” is expected to issue executive orders promoting digital assets. Tickets sold out at $2,500 each, with VIP packages costing $100,000. About 1,500 people attended.

Trump expanded his crypto interests by launching a digital token with a market cap of $5.5 billion. Biden’s administration has cracked down on crypto companies over fraud concerns. Trump’s SEC chair pick is expected to drive major crypto policy changes. Bitcoin hit records above $107,000 in December on excitement over Trump’s policies.

Crypto.com, a sponsor of the event, looks forward to advancing innovation in digital assets under the new administration. Representatives for Trump’s administration, Robinhood, MicroStrategy, Gemini, and event hosts did not comment. Snoop Dogg, Rick Ross, and Soulja Boy could not be reached for comment.



Read more at Investing.com: With cocktails and Snoop Dogg, crypto industry celebrates Trump inauguration By Reuters