CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
crypto.news 2025-01-14 14:22:46

Telegram-linked TON eyeing U.S. expansion

The TON Foundation, associated with Telegram Messenger, is planning to expand into the U.S. market, anticipating more favorable regulatory conditions under President-elect Donald Trump. As part of its U.S. expansion strategy, the foundation has appointed Manuel Stotz, founder of Kingsway Capital Partners, as its new president. Stotz will succeed Steve Yun, who will remain on the board, according to Bloomberg. The Open Network ( TON ) is a blockchain platform that enables Telegram’s 950 million users to access services such as in-app payments and games, often using its native cryptocurrency, Toncoin. The foundation’s move into the U.S. reflects its belief that the country will become a global hub for cryptocurrency innovation. This perspective is influenced by President-elect Trump’s commitment to making the U.S. a central player in the digital asset sector, contrasting with the stricter regulations of the outgoing administration. You might also like: XRP price rises as RLUSD stablecoin flips PYUSD on a key metric Trump is pro-crypto President-elect Donald Trump has recently become pro-cryptocurrency, a significant shift from his earlier skepticism. In July 2024, during a speech in Nashville, he referred to Bitcoin as representing freedom, sovereignty, and independence from government. His policy proposals further evidence Trump’s support for the crypto industry. He has pledged to make the U.S. “the crypto capital” of the planet and has suggested the creation of a Bitcoin strategic reserve. Additionally, Trump has launched his family’s cryptocurrency venture, World Liberty Financial, signaling his personal investment in the sector. Previously, Telegram’s attempt to raise funds for a crypto project faced challenges from U.S. regulators, leading to a settlement with the Securities and Exchange Commission in 2020. You might also like: US, Japan, and South Korea warn web3 firms about hiring IT workers from North Korea

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.