In tuxedos and finery, one of the most famously dressed-down industries celebrated Friday night with a “Crypto Ball” in Washington to welcome the incoming administration of President-elect Donald Trump, which the crowd of digital-assets insiders trusts will lift their sector into U.S. legitimacy.

Big names in crypto, such as Michael Saylor, Brian Armstrong, the Winklevoss brothers and Jesse Powell, and future officials in the incoming administration, most notably Trump’s crypto czar pick, David Sacks mixed in the Andrew W. Mellon Auditorium. As they drank cocktails and downed truffle tuna tartare, they took in a performance from rapper Snoop Dogg and — maybe more significant for their Washington prospects — a visit from Speaker of the House Mike Johnson.

“Overall insane event with legacy Silicon Valley VCs in the room along with I would dare say 50/60% of global crypto investor and founder leadership in the room,” said one attendee. “Also a lot of policy makers with senior leadership like Mike Johnson.”

The event marks the dramatic upswing in Washington fortunes for the crypto industry. With red “Make Bitcoin Great Again” hats circulated at the event, the attendees count on a close relationship with the new administration and the new session of Congress that could finally cement policy to establish digital assets as a full-fledged part of the regulated U.S. financial sector.

Go to Source to See Full Article
Author: Jesse Hamilton