With cocktails and Snoop Dogg, crypto industry celebrates Trump inauguration
WASHINGTON - Cryptocurrency executives swilled cocktails and danced to rap superstar Snoop Dogg on Friday night as they celebrated the approaching inauguration of President-elect Donald Trump, whose administration has promised major changes in crypto policy.
One of many Washington celebrations ahead of Trump's Monday swearing-in, the crypto gala marks a stunning turnaround for an industry that has been in the Biden administration's crosshairs. Two years ago, it looked to be on the brink of extinction amid the collapse of FTX. "There were a lot of dark years," said Les Borsai, co-founder of the crypto investment adviser Wave Digital Assets, who flew in from Los Angeles."If this signifies what the future looks like ... I think that's the optimism we've been waiting for."Great Again" red baseball caps, and American flag pins with the symbol for Gemini, an event sponsor and crypto exchange founded by Cameron and Tyler Winklevoss, who backed Trump's campaign.
Bitcoin, the world's largest cryptocurrency, hit new records above $107,000 in December on excitement over Trump's policy changes.) ... and look forward to supporting the new administration to advance innovation in digital assets," said a spokesperson for Crypto.com, adding the company's president of North America, Matt David, attended.
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