Bro, are you going to the Crypto Ball?

Presented by Working Forests Initiative: The preparations, personnel decisions and policy deliberations of Donald Trump's presidential transition.
Jan 10, 2025 View in browser
 
POLITICO'S West Wing Playbook: Transition of Power

By Megan Messerly, Dasha Burns, Eli Stokols, Lisa Kashinsky and Ben Johansen

Presented by 

Working Forests Initiative

Welcome to POLITICO’s West Wing Playbook, your guide to the preparations, personnel decisions and policy deliberations of Donald Trump’s transition. POLITICO Pro subscribers receive a version of this newsletter first.

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As he returns to Washington, President-elect DONALD TRUMP is being feted by the crypto bros, a far-right publishing house and ROBERT F. KENNEDY JR.’s “Make America Healthy Again” acolytes.

More than three dozen balls and other similarly glitzy affairs have been scheduled in the days leading up to the inauguration. Many are replete with long lists of corporate sponsors and high-profile CEOs eager to demonstrate their fealty to the president-elect — the same sponsors who kept him at arm’s-length during his first inauguration over fears his anti-immigrant rhetoric and scandals would sully their brands.

Not so anymore.

It’s a sign of just how broad the MAGA coalition has grown and how contentious the fights ahead are likely to become as the new factions in Trump’s orbit compete for influence.

Some of the inaugural balls — long the playground of Washington’s establishment types — are being hosted by organizations that eight years ago were still at the fringes of the Republican Party, such as Turning Point Action, the group helmed by prominent conservative activist CHARLIE KIRK, and the far-right publishing company Passage Publishing.

“There’s a much wider nexus of groups, celebrities and media personalities that want to be a part of this celebration,” said ANDREW KOLVET, a spokesperson for Turning Point, which is hosting a ball on Jan. 19. “In 2016, the world still wasn’t quite sure what to make of President Trump. 2024 represents a much broader embrace and enthusiasm that Trumpism and the movement he sparked has won, not just politically but culturally and ideologically.”

Critics have blasted Passage Publishing for spreading nativist works that push the country toward autocratic values, including a recent HuffPo article that criticized the name of the ball itself — “the 2025 Coronation Ball” — as an example of the “authoritarian nature of the black-tie soiree.”

JACK POSOBIEC, an influential MAGA podcaster, is one of many organizers and high-profile attendees who have turned that into a badge of honor. He called the event a “spiritual successor” to the 2017 DeploraBall, which he helped organize.

“Before we were the outsiders looking in and now we’re walking in the front door,” Posobiec said. “Because this is a regime change.”

Other first-time events, such as the Crypto Ball and the MAHA (Make America Healthy Again) Inaugural Ball, highlight the previously disjointed interests that Trump knit together into a winning coalition. A MAHA ball would have been unthinkable months ago, before Kennedy, the Democrat-turned-independent and the most prominent leader of the so-called “medical freedom movement,” dropped out of the race and endorsed Trump.

Now, with Kennedy poised to join the Trump administration if confirmed as Health and Human Services secretary, a movement of like-minded vaccine skeptics will have unprecedented power to reshape American health care, including by introducing new restrictions on pharmaceutical companies and more tightly regulating food and agriculture.

“This is not just an event — it’s a moment to convene the champions of the MAHA vision, reflect on decades of hard work, and witness the culmination of a movement that will continue to shape America’s future,” said EMMA POST, a spokesperson for MAHA Action, which is hosting the event.

Other speakers and attendees expected to attend the event include Centers for Medicare and Medicaid Services nominee MEHMET OZ, Food and Drug Administration commissioner pick Dr. MARTY MAKARY and other MAHA movement leaders, including MAHA Action CEO DEL BIGTREE and food activist VANI HARI.

But the events also nod to some of the coming clashes. The Republican Party is not, for instance, writ large on board with the MAHA agenda — and there are other spats on the horizon, including between the free traders and the protectionists, immigration hardliners and those who support more moderate reform, isolationists and expansionists, and more.

Sponsorship of many of the soirees publicly reflects what corporations are privately acknowledging: They need Trump on their side if they want to get anything done in Washington over the next four years. As TikTok’s future hangs in the balance before the Supreme Court, the company is sponsoring the “Power 30 Awards,” which are aimed at “honoring the most impactful influencers of the 2024 election,” according to promotional materials obtained by POLITICO.

BTC Inc., the company that promotes Bitcoin, and Stand With Crypto, an advocacy group started by Coinbase, are jointly holding the first-ever Inaugural Crypto Ball as the cryptocurrency industry is poised to have more influence in Washington than it ever has before. The Trump administration is expected to be the most explicitly pro-crypto in history and enact a number of industry-friendly policies, like overhauling financial regulations to align with the industry’s biggest asks. Spokespeople for TikTok and the Crypto Ball did not respond to requests for comment.

Other corporate sponsors have signed on for other events — Johnson and Johnson and Pepsico are sponsoring the Hispanic Inaugural Ball — and that’s on top of the millions that companies like Amazon, AT&T, Bank of America, Ford, General Motors, Goldman Sachs, Google, Meta, the cryptocurrency firm Ripple, Toyota, and others have donated to Trump’s inaugural fund. Even Apple CEO TIM COOK has personally donated $1 million.

The turnabout in corporate America’s comfort with a man they regarded as crass — or worse — is notable.

“If Trump 1.0 led to ‘the resistance,’” Kolvet said, “Trump 2.0 has led to ‘the acquiescence.’”

Read more here.

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POTUS PUZZLER

Which clothing company has been the go-to for most U.S. presidents?

(Answer at bottom.)

Pro Exclusive

Former DOE official quietly recruits Trump energy team, via our BENJAMIN STORROW

Mike Johnson quietly sought EPA environmental justice grant, via our KELSEY BRUGGER

Incoming FDIC chef charts ‘new direction’ for agency, via our MICHAEL STRATFORD

The reporting in this section is exclusively available to POLITICO Pro subscribers. Pro is a personalized policy intelligence platform from POLITICO. If you are interested in learning more about how POLITICO Pro can support your team through the 2024 transition and beyond, visit politicopro.com.

Heads up, we're all transition all the time over on our live blog: Inside Congress Live: Transition of Power. Bookmark politico.com/transition to keep up with us.

THE BUREAUCRATS

CRIME AND NO PUNISHMENT: On Friday, Trump became the first American president to be criminally sentenced, our ERICA ORDEN reports. In Trump’s Manhattan hush money case, New York Judge JUAN MERCHAN declined to sentence the president-elect to jail time or fines after a jury found him guilty of 34 felony counts of business fraud in connection with a $130,000 payment to porn star STORMY DANIELS in the final days of the 2016 presidential election.

Merchan opted for an “unconditional discharge,” an uncommon decision that concludes the case while the conviction stands. “It’s essentially a resolution that allows the conviction to stand and preserves the sanctity of the jury’s verdict, but ensures that there are very limited consequences stemming from the conviction,” said SARAH KRISSOFF, a former federal prosecutor.

In most discharges, a judge will offer it with a condition – for example, that the defendant would not get re-arrested, does community service or pays a fine. But in Trump’s case, he essentially gets off scot-free.

Despite the leniency in a case that otherwise could have resulted in several years in prison, Trump raged on Truth Social. “Radical Democrats have lost another pathetic, unAmerican Witch Hunt,” he wrote following the sentencing.

ANOTHER FLORIDIAN TO WASHINGTON? As fires rage in California, Trump is looking to Florida for the official to head up the federal response to natural disasters, our ADAM WREN, DANIEL LIPPMAN, AREK SARKISSIAN and GARY FINEOUT report. Trump is eyeing Florida Division of Emergency Management executive director KEVIN GUTHRIE to lead the Federal Emergency Management Agency.

“That’s their leading candidate,” one person familiar with the president-elect’s transition said, adding that Trump has not yet interviewed Guthrie.

 

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Agenda Setting

BUT I THOUGHT … NVM: The U.S. economy closed out the year with a boom, our SAM SUTTON and VICTORIA GUIDA report. The Labor Department on Friday announced that the economy blew past expectations and added a net 256,000 jobs in December, while the unemployment rate — already low by historical standards — fell to 4.1 percent. Wages, which have grown 3.9 percent over the past year, are rising faster than inflation.

That positive jobs report will create an even wider avenue for Trump to take credit for an economy that many Wall Street investors and analysts expect to remain solid at least through the early days of his second term, Sutton and Guida write.

GET YOUR FINAL SCROLLING IN: You might want to make sure to get all the renegades out of your system! Or whatever the kids do nowadays. Supreme Court justices pressed lawyers for TikTok and the government Friday as the group considered whether to strike down a law that could ban the video-sharing app in the U.S., our CHRISTINE MUI and JOSH GERSTEIN report. The case pits national security against free speech, as the court weighs TikTok’s claim that Congress violated free speech by passing a law that would force the China-based owner ByteDance to sell.

During the arguments, justices seemed open to pausing the law. There were signs that the justices were considering issuing an “administrative stay” that would have the effect of punting the ball into Trump’s court by staving off the law’s Jan. 19 deadline on a temporary basis while the higher court works out a more formal ruling.

A PUSH ON AFGHAN RESETTLEMENTS: More than 600 people from 46 states, including ambassadors, elected officials and combat veterans, have signed on to a public letter asking the incoming administration and congressional leaders to continue efforts to resettle Afghans who assisted U.S. forces. Organized by SHAWN VanDIVER and the non-profit AfghanEvac, which has worked with the government to revamp the Special Immigrant Visa (SIV) process for qualifying Afghans, the letter urges Trump and leaders on Capitol Hill to maintain funding for the program and to expand the number of visas available.

VanDiver told West Wing Playbook he submitted the letter electronically to Trump’s transition office on Friday afternoon. "President Trump and Vice President-elect Vance highlighted Afghanistan on the campaign trail, emphasizing the importance of addressing the lingering challenges from the withdrawal,” he said. “This letter presents a bipartisan roadmap for honoring commitments to Afghan allies and ensuring America’s credibility and national security remain intact as the new administration takes office."

What We're Reading

Facebook Gave a Key Trump Ally a Preview of Its New Plans (POLITICO’s Dasha Burns)

The Trumps Are in Talks to Reclaim Their Prized D.C. Hotel (WSJ’s Craig Karmin)

Biden’s Final Medal Winners Are Accomplished, Admirable — and Proof of His Own Political Failure (POLITICO’s Michael Schaffer)

NATO won't back Trump's new defence spending target but will raise its sights (Reuters’ Andrew Gray and Lili Bayer)

POTUS PUZZLER ANSWER

Brooks Brothers has served as a staple for most U.S. presidents. The fashion brand has dressed 41 out of the last 45 presidents, with Biden being a mixed bag as our 46th. Biden broke tradition by opting for Ralph Lauren during his 2021 inauguration.

But the move to Ralph Lauren was not frowned upon by the fashion industry. “His wardrobe is timeless, traditional, sophisticated, but cool. Joe and Jill Biden are truly the American dream, and it’s inspiring to see them dress the part,” designer TOMMY HILFIGER once told GQ.

A CALL OUT! Do you think you have a harder trivia question? Send us your best one about the presidents, with a citation or sourcing, and we may feature it!

Edited by Jennifer Haberkorn and Noah Bierman

 

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