4.6 • 2.3K Ratings
🗓️ 23 February 2025
⏱️ 24 minutes
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| 0:33.8 | A few days before President Trump's inauguration, |
| 0:41.4 | partygoers in Black Tie were swaying back and forth to a snoop-dog set in the Mellon |
| 0:47.1 | Auditorium in Washington, D.C. They were there for the crypto ball. |
| 0:52.0 | And basically everybody who's anybody in the crypto industry was there. |
| 0:59.6 | That's David Jaffe Bellany, who covers cryptocurrency for the New York Times. |
| 1:04.3 | Mere mortals paid $2,500 for a ticket. |
| 1:07.9 | For $100,000, partygoers could get up close and personal with the big names. |
| 1:14.0 | There was a special VIP part of the event where members of Donald Trump's family were rubbing shoulders with crypto executives, |
| 1:21.7 | and everybody in the crypto industry was just toasting the start of what they hope will be a kind of new era of |
| 1:28.5 | abundance. |
| 1:33.7 | It was a moment the industry had been waiting for, ever since it poured tens of millions of dollars |
| 1:39.8 | into the election. |
| 1:41.3 | They were celebrating a series of promises that Trump had made to them on the |
| 1:45.2 | campaign trail, that he would relax regulations on the crypto industry, that he would end a crackdown |
| 1:51.6 | that the SEC had been pursuing against crypto companies for years, and that he even might go |
| 1:57.6 | as far as to use federal funds to actually buy Bitcoin and build up a stockpile |
| 2:03.2 | of Bitcoin for the U.S. government. But while all these crypto power brokers were partying at the |
| 2:09.0 | ball, the real action, David says, was on social media. First on truth social and then on Twitter, |
| 2:15.7 | Trump announces that he's starting a new cryptocurrency. |
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