At an extravagant event dubbed the Crypto Ball, held in conjunction with Trump’s inauguration, the president's appointment, David Sacks, proclaimed an end to what he called the 'reign of terror' against Bitcoin. This declaration came as a shock to many, raising concerns among critics who view the administration's close ties with cryptocurrency magnates as a potential conflict of interest. The night, which saw performances by high-profile artists such as Snoop Dogg, has been criticized for its lavish excess during a time of widening economic inequality.
Crypto Elites Cozy Up at Trump's Gala Amidst Economic Uncertainty
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Jan-20
Terror
Score: 0.70
At the Crypto Ball on Friday night, Trump’s crypto czar David Sacks announced an end to the ‘reign of terror’ over Bitcoin as MAGA and BTC high rollers celebrated and Snoop Dogg entertained the crowd.
From New York Magazine
Jan-20
Terror
Right Variant
Score: 0.80
In a landmark moment for digital currency advocates, David Sacks, hailed as Trump’s crypto czar, declared an end to the oppressive regulation on Bitcoin at the splendid Crypto Ball. The event, held this Friday, was a testament to the MAGA movement’s commitment to deregulation and economic freedom, drawing champions of the cryptocurrency world and celebrated entertainment, including Snoop Dogg. Critics of the administration are quick to dismiss the significance of this victory, but attendees see it as a pivotal step towards innovation and financial liberty.
From New York Magazine