The TON Foundation, a blockchain initiative associated with the popular messaging app Telegram, is embarking on a significant expansion into the United States. This move comes after a successful year in 2024 and aligns with a more favorable outlook for the crypto industry under the upcoming administration of President-elect Donald Trump.
The decision to focus on the US market is a crucial step for TON, especially considering the regulatory challenges it faced in 2020 when the SEC intervened in Telegram’s crypto fundraising efforts. Following a settlement, the project was restructured, leading to the establishment of the TON Foundation in Switzerland in 2023. Since then, the blockchain network has seen growth, particularly in its integration with Telegram’s messaging platform and its involvement in web3 gaming.
Heading the US expansion strategy is Manuel Stotz, the newly appointed president and board member of the foundation. Stotz brings a wealth of experience from his time at Kingsway Capital, an investment firm that supports blockchain innovators in emerging markets.
The TON Foundation sees the changing regulatory landscape in the US as an opportunity for blockchain technology to thrive. With the incoming administration signaling a pro-crypto stance, including plans for a national Bitcoin reserve and blockchain-driven economic reforms, the foundation is optimistic about the future of the industry. Key appointments like Paul Atkins and David Sacks further indicate the administration’s commitment to advancing blockchain and artificial intelligence technologies.
Stotz is confident that these developments could be a turning point for TON and the wider crypto ecosystem. He envisions the US market as a crucial hub for driving blockchain adoption globally and is eager to collaborate with partners and stakeholders to accelerate this mission.
In a statement, Stotz expressed his enthusiasm for the foundation’s role in leading the blockchain revolution, especially in the innovative US market. The TON Foundation’s preparations for US expansion align with the evolving landscape of crypto regulation and the potential for growth and innovation under the new administration.
The article “TON Foundation prepares for US expansion amid pro-crypto Trump administration” was originally published on CryptoSlate and highlights the foundation’s strategic shift towards the US market and the promising opportunities presented by the changing regulatory environment.