TON's team relied on favorable regulatory conditions under Donald Trump's administration. Manuel Stotz, founder of Kingsway Capital Partners, has been named the new president of the TON Foundation, replacing Steve Yun, who remained on the board.
Telegram's TON Blockchain is planning an expansion in the US, in line with pro-crypto policies expected under President-elect Donald Trump.
The Trump administration is expected to prioritize bitcoins and blockchain innovation, potentially creating a bitcoin reserve within 100 days.
The TON Foundation has appointed Manuel Stotz as president to drive growth in the US as it seeks to position the country as a global crypto hub.
In a move that could reshape the crypto landscape in the United States, Telegram has announced the expansion of its blockchain The Open Network (TON) in the US.
This development is in line with expectations for pro-crypto regulation under President-elect Donald Trump, as reported by Bloomberg.
Trump's pro-crypto agenda fuels industry optimism
The crypto community has high hopes for Trump's return to the White House, with industry leaders expecting favorable regulations.
During his re-election campaign, Trump emerged as the first openly pro-crypto candidate for president, promising to make the US a global leader in blockchain and cryptocurrency innovation.
The Trump administration is expected to prioritize bitcoin and other cryptocurrencies, potentially issuing executive orders on crypto policy on his first day in office. This has already sparked movement in the industry, with companies like Telegram positioning themselves to take advantage of the more welcoming regulatory environment.
TON Blockchain Looks to U.S. Expansion
Telegram's TON Foundation is gearing up for growth in the US. To lead this responsibility, the foundation recently appointed Manuel Stotz as its new president. Stotz emphasized the strategic importance of the U.S., calling it a future "global crypto hub focused on innovation."
Stotz's vision includes leveraging the Trump administration to accelerate blockchain adoption and innovation in the country. This expansion is consistent with the belief that the U.S. will not only adopt cryptocurrency-friendly policies, but could also introduce innovative initiatives such as a bitcoin reserve, an idea supported by Senator Cynthia Loomis. Speculation suggests this could happen in Trump's first 100 days in office.
The way forward for TON and crypto adoption in the US
The expansion of the TON Blockchain underscores the industry's confidence in a cryptocurrency-friendly US administration. If Trump delivers on his promises, the US could become a central hub for blockchain growth, with TON and other networks leading the charge. The crypto industry is closely watching the development of this new chapter, anticipating regulatory changes that could define its future.
Final thoughts
With Telegram's TON blockchain entering the US market, led by optimistic regulatory expectations under Trump, this moment marks a key step for the industry. Whether it's bitcoin reserves or wider blockchain adoption, the stage is set for transformative growth in the crypto space.