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Crypto Industry Celebrates Trump Inauguration with Snoop Dogg and Promises of Policy Changes

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The cryptocurrency industry marked the inauguration of President-elect Donald Trump with a lavish celebration at the historic Andrew W. Mellon Auditorium on Friday night. Dubbed the “crypto inauguration ball,” the event reflected optimism within the crypto community, anticipating significant policy changes under Trump’s administration.

A Gala to Remember

The event featured rap superstar Snoop Dogg, along with performances by Rick Ross and Soulja Boy, entertaining over 1,500 guests dressed in formal attire. Attendees enjoyed a mix of gourmet offerings, including miniature lobster rolls and McDonald’s burgers—Trump’s favorite. Swag included “Make Bitcoin Great Again” hats and Gemini-branded American flag pins, celebrating one of the gala sponsors.

The ball was co-hosted by leading crypto companies such as Crypto.com, Exodus, and the Winklevoss twins’ Gemini exchange. Tickets sold out quickly, with general admission priced at $2,500, while VIP packages at $100,000 offered face time with David Sacks, the incoming “crypto czar” in the Trump administration.

Crypto’s Political Turnaround

The gala marked a striking shift for an industry that had faced significant regulatory hurdles under the Biden administration. Trump, who campaigned as a “crypto president,” is expected to issue executive orders promoting the widespread adoption of digital assets and reducing regulatory barriers.

Jonathan Jachym, Kraken’s global head of policy, highlighted the significance of the event: “The crypto voter showed up in the election, and this event signifies a turning point for crypto policy in the United States.”

Industry Optimism and Policy Changes Ahead

Crypto executives expressed hope for the future under Trump’s leadership. Les Borsai, co-founder of Wave Digital Assets, noted, “If this signifies what the future looks like … I think that’s the optimism we’ve been waiting for.”

Trump’s crypto-friendly policy team is shaping up, with Paul Atkins, a pro-crypto advocate, expected to lead the Securities and Exchange Commission. Bitcoin prices have surged on anticipation of these changes, reaching record highs of over $107,000 in December.

Sponsors like Crypto.com and MicroStrategy emphasized their commitment to working with the new administration to advance innovation in digital assets. Meanwhile, Robinhood and other major players showed their support through sponsorships and participation.

A New Era for Cryptocurrency?

Trump, though absent from the event, expanded his cryptocurrency ventures with the launch of a “meme coin” branded with imagery from his attempted assassination, which quickly reached a market capitalization of $5.5 billion.

As the industry revels in newfound political support, Trump’s administration promises to usher in a new era for digital assets in the United States, fostering innovation and growth in the crypto space.

 

Gemini Settles CFTC Charges with $5 Million Fine and Permanent Injunction

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Gemini Trust Company has agreed to pay a $5 million civil penalty to settle charges brought by the U.S. Commodity Futures Trading Commission (CFTC) related to misleading statements about a bitcoin futures contract in 2017. The settlement, which includes a permanent injunction, was confirmed in a court filing on Monday in federal court in New York.

The CFTC had sued Gemini in 2022, accusing the company of making false or misleading statements, or omitting material facts, when seeking approval for the bitcoin futures contract. Despite the settlement, Gemini did not admit or deny the CFTC’s findings.

A spokesperson for Gemini has not yet responded to requests for comment on the settlement.

 

Gemini 1.5 Pro with Enhanced Research Features Now Accessible Globally in Over 45 Languages for Advanced Subscribers

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Google has announced the global expansion of its Gemini AI platform, bringing the Deep Research feature to more than 150 countries and over 45 languages. Initially introduced as part of the Gemini 2.0 suite earlier this month, Deep Research is a powerful tool designed to assist advanced users in conducting multi-step research, running web searches, and preparing detailed reports on complex topics. However, this feature is currently exclusive to the Gemini 1.5 Pro model and can only be accessed via the web version of Gemini on desktop devices.

In an update shared on X (formerly Twitter), the official Google Gemini App account revealed that the Deep Research feature is now available to paid subscribers worldwide. This includes support for languages such as Arabic, Bengali, Chinese (Simplified and Traditional), English, French, German, Hindi, Japanese, Russian, Spanish, Tamil, and many others, ensuring a broader reach across diverse markets. With this global rollout, Gemini 1.5 Pro, along with its advanced research capabilities, is now accessible in nearly every region where Gemini operates, enhancing the usability of the platform for international users.

The Deep Research feature is part of the Google One AI Premium Plan, which offers access to Gemini Advanced for a monthly fee. In India, the subscription costs Rs. 1,950 per month. This plan is available exclusively to individuals aged 18 and above, providing them with access to the cutting-edge AI tools that Gemini offers. The feature’s availability may vary depending on the device, country, and language, but users subscribing to the premium plan will gain access to a broader array of AI-powered research capabilities.

For users seeking an advanced AI research assistant, Gemini 1.5 Pro with Deep Research promises a robust set of tools for tackling complex subjects. The feature’s expanded reach to over 150 countries and its support for numerous languages signals Google’s commitment to making Gemini an accessible and versatile tool for a global audience. As the AI landscape continues to evolve, Gemini’s Deep Research feature is poised to be a valuable resource for professionals, researchers, and tech enthusiasts looking to enhance their workflows with advanced AI capabilities.