TON Foundation Explores US Move in Light of Trump’s Crypto Stance

The Open Network Foundation, linked to Telegram, plans to expand into the United States. This move comes as President-elect Donald Trump prepares to lead a more crypto-friendly U.S. government. The foundation sees this as a prime opportunity to strengthen its blockchain services.

A Shift in Leadership and Strategy

Ahead of Trump’s swearing-in on January 20, TON Foundation is making leadership changes. Manuel Stotz will take over as President, replacing Steve Yun. Stotz is expected to guide the foundation to greater success.

Stotz stated that under Trump, the U.S. is set to become a crypto hub. The foundation aims to take advantage of the pro-innovation policies Trump has promised.

Seizing Opportunities in a Changing Regulatory Landscape

Trump’s crypto-friendly policies contrast with President Joe Biden’s more restrictive approach. This shift in regulatory direction has made U.S.-based crypto firms more optimistic. 

Ripple, for example, has moved 75% of its open job positions to the U.S., a clear signal of the sector’s focus on American opportunities. The TON Foundation is ready to capitalize on this new environment. 

Telegram already uses Toncoin for payments and games, showing how blockchain can enhance everyday activities. The foundation hopes to integrate blockchain further into the platform and expand its reach in the U.S. market.

Despite past challenges, such as the 2020 SEC settlement, the foundation remains focused on growth. With the potential for clearer regulations under the new U.S. administration.