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CoinGape 2025-01-14 15:52:48

Telegram TON Blockchain’s Game-Changing US Expansion Under Trump Presidency

Telegram TON Blockchain’s Game-Changing US Expansion Under Trump Presidency

The TON Foundation, a blockchain entity linked to Telegram, is advancing its plans to expand into the U.S. market. This decision stems from expectations of a favorable regulatory landscape under President-elect Donald Trump’s administration. Previously, the foundation faced regulatory challenges, including a settlement with the U.S. Securities and Exchange Commission (SEC) in 2020. With the political shift, TON blockchain is positioning itself to capitalize on the evolving opportunities in the U.S. market. TON Blockchain Eyes US Growth Backed by Trump’s Pro-Crypto Policies In a recent post on X , TON blockchain has expressed optimism about expanding into the United States under the Trump presidency. Donald Trump’s administration has pledged to position the U.S. as a global leader in the digital asset space. Trump’s plans include creating a Bitcoin strategic reserve and establishing a more welcoming environment for blockchain innovation. The TON blockchain aims to leverage these favorable conditions. Its network, which serves 950 million Telegram users, offers in-app payments and gaming capabilities, powered by its native token, Toncoin. This integration positions TON blockchain as a key player in the blockchain ecosystem, with an eye on capturing the expanding U.S. market. Notably, the entire crypto community has shown much optimism with the incoming Trump presidency. In a recent report, stablecoin issuer Circle announced a $1M USDC donation to Trump’s inaugural fund. Leadership Transition: Manuel Stotz to Steer TON Blockchain’s US Focus As part of its U.S. expansion strategy, the TON Foundation has appointed Manuel Stotz as its new president. Stotz, the founder of Kingsway Capital, brings extensive investment experience in emerging markets and blockchain technology. His appointment signals the foundation’s intent to establish a robust presence in the United States. Stotz succeeds Steve Yun, who has been instrumental in shaping the foundation’s vision. Yun will continue to serve on the board, providing strategic guidance during this transition. The leadership change reflects the foundation’s commitment to aligning its operations with global opportunities, particularly in the U.S. market. The new president Manny Stotz emphasized, “TON is uniquely positioned to lead the blockchain revolution. I look forward to working with our partners and stakeholders to accelerate this mission—especially in the dynamic and innovative US market.” More so, the crypto community is optimistic about Q1 2025, as industry leaders push for a federally-backed U.S. Bitcoin reserve under Trump’s administration. The Bitcoin Policy Institute has proposed allocating $21 billion to build the reserve, urging executive orders to secure banking access for crypto firms and establish a dedicated crypto council. Toncoin Price Action Toncoin, the TON blockchain’s native cryptocurrency, plays a crucial role in the network’s ecosystem. It facilitates seamless in-app payments and supports gaming functionalities for Telegram’s vast user base. The foundation’s U.S. expansion is expected to boost Toncoin adoption, particularly as regulatory conditions in the U.S. improve. Consequently, Toncoin price has experienced notable fluctuations in response to these developments. At press time, Toncoin (TON) is trading at $5.35, up 3% over the last 24 hours. The market cap stands at $13.57B, with a 24-hour trading volume of $188.13M. The post Telegram TON Blockchain’s Game-Changing US Expansion Under Trump Presidency appeared first on CoinGape .

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