TON Foundation aims to expand in the US amidst the growing crypto-friendly environment. In the cryptocurrency market, Telegram-related blockchain projects utilize Toncoin (TON) tokens.
Telegram-related blockchain platform Open Network (TON) plans to expand its operational network in the United States. Following this news, the Toncoin (TON) token rose slightly.
The move was inspired by President Donald Trump’s friendly regulatory policies, the report details.
The TON Foundation shared details of the key development in a blog post published on Tuesday, January 14th.
new plans
Open Networks (TON) has appointed Manuel Stotts as president to spearhead its strategic entry into the U.S. market. He will succeed his predecessor, Steve Yun, who remains on the Foundation’s Board of Directors.
Following the victory of President-elect Donald Trump as an investor in the digital space, the United States will grow into a digital hub that will enhance cryptocurrency adoption and innovation.
The Trump administration will promote favorable digital asset regulatory policies to make the U.S. a safer cryptocurrency market. The previous government implemented strict policies that shut out many crypto investors.
During the previous administration, Telegram faced difficulties trying to raise funds for cryptocurrency projects in 2020. The foundation was forced to cave in after a series of legal proceedings with the U.S. Securities and Exchange Commission.
In July 2024, President Trump, a cryptocurrency advocate, called Bitcoin an important indicator of freedom, sovereignty, and independence in a speech.
In order to make the United States a digital hub and attract investors from around the world, President Trump has pledged support for cryptocurrency investment. Trump, an avid cryptocurrency investor, recently launched his family’s digital asset venture called World Liberty Financial.
In his policy development, the president-elect announced plans to make the United States a global “crypto asset.” He also talked about preparing Bitcoin in the United States.
Tether announced Monday that it will move its operations to El Salvador.
