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- TON Foundation plans U.S. expansion to benefit from anticipated crypto-friendly policies under the Trump administration.
- Manuel Stotz joins TON as president to guide its U.S. entry and drive blockchain innovation for Telegram users.
- TON Foundation aims to integrate blockchain with Telegram boosting Toncoin use in a growing U.S. crypto market.
Telegram associated TON Foundation is planning to enter the new territory and is eyeing the United States for expansion. This is in line with the expected pro-crypto regulation actions under the new president Trump.
Market players expect that the regulation of the industry will be friendly to the development and utilization of blockchain technology and virtual assets.
TON Foundation welcomes @ManuelStotz as its new President, focusing on expanding operations in the US. đź’Ž
— TON 💎 (@ton_blockchain) January 14, 2025
With a strong background in global investment and blockchain, Manuel is well-positioned to lead the next chapter of $TON's growth.
As a co-founder of Kingsway Capital, he… pic.twitter.com/ABWuBbCLOZ
The foundation’s network, powered by its native cryptocurrency Toncoin, serves over 950 million Telegram users. It facilitates in-app payments and gaming features, positioning TON as a key player in the blockchain ecosystem. By leveraging the anticipated regulatory support, TON aims to boost its presence and Toncoin utility in the U.S.
Leadership Transition to Accelerate U.S. Entry
In a significant leadership shift, the foundation has appointed Manuel Stotz as its new president. Stotz, founder of Kingsway Capital and an expert in emerging markets, replaces Steve Yun, who will remain on the board. The transition underscores the foundation’s intent to align with emerging opportunities, particularly in the U.S.
Stotz’s appointment is seen as strategic, given his extensive investment experience and understanding of blockchain technologies. His leadership is expected to play a crucial role in navigating the foundation’s entry into the competitive U.S. market.
Trump Administration’s Pro-Crypto Vision
The incoming Trump administration has pledged to position the U.S. as a global leader in cryptocurrency. Plans include establishing a Bitcoin strategic reserve and fostering blockchain innovation. This contrasts sharply with the current regulatory uncertainty under the Biden administration, which has hindered the sector’s growth.
The anticipated policy shift has already encouraged firms like Ripple to increase their U.S. hiring. Similar optimism surrounds TON’s U.S. expansion, with industry stakeholders expecting a boost in blockchain activities.
Building a Blockchain-Driven Ecosystem
The TON Foundation aims to integrate blockchain into mainstream applications like Telegram, making digital assets accessible to millions. Despite past challenges, including legal hurdles with the SEC, the foundation remains committed to its mission. It plans to establish a robust DAO ecosystem and expand blockchain applications.
With its U.S. entry, the TON Foundation seeks to capitalize on regulatory clarity and drive a new wave of adoption. This strategic move could reshape its trajectory in the global blockchain landscape.