The TON Foundation, a blockchain initiative associated with Telegram, is preparing for a major expansion into the United States, according to a January 14 statement.
This strategic shift follows strong performance in 2024 and is consistent with a more favorable crypto outlook under President-elect Donald Trump.
The move marks a pivotal moment for TON, a project that came under intense regulatory scrutiny in 2020 when the U.S. Securities and Exchange Commission (SEC) blocked Telegram’s crypto fundraising activities. This legal battle led to a settlement and restructuring of the project, culminating in the launch of the TON Foundation in Switzerland in 2023.
Since then, blockchain networks have emerged as a major player in the Web3 game, gaining traction primarily through integration with the Telegram messaging app.
Manuel Stotts, who was recently appointed Chairman and Director of the Foundation, will lead this U.S.-focused growth strategy. Mr. Stotts brings extensive experience leading Kingsway Capital, an investment firm supporting blockchain innovators across emerging markets.
new era
The TON Foundation explained that changes in the US regulatory environment are creating new opportunities for blockchain technology.
Notably, some industry players are optimistic about the incoming administration’s pro-crypto stance, including plans for a national Bitcoin reserve and blockchain-driven economic reform.
President-elect Trump has also signaled his commitment to advancing the field by appointing influential figures such as Paul Atkins and David Sachs to key positions. These developments are expected to drive innovation in blockchain and artificial intelligence.
Stotts believes these developments could mark a defining moment for the TON Foundation and the broader crypto ecosystem. He envisions the United States as a key market in accelerating blockchain adoption globally.
He said:
“TON is uniquely positioned to lead the blockchain revolution, and we look forward to working with our partners and stakeholders to accelerate this mission, especially in the dynamic and innovative U.S. market.”
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