TON Foundation Expands into US with New Leadership Amid Crypto Shift
The Open Network (TON) Foundation plans to expand into the United States, leveraging anticipated pro-crypto policies under President-elect Donald Trump. Key points include:
- New leadership with Manuel Stotz appointed as President, succeeding Steve Yun.
- Stotz aims to drive growth and success in the U.S. market.
- The foundation seeks to utilize favorable regulatory conditions compared to previous administrations.
- Ripple's 75% increase in U.S.-based positions reflects a broader industry shift towards the U.S. due to expected regulatory clarity.
- TON aims to integrate blockchain services for Telegram’s 950 million users, enhancing digital applications.
Despite past challenges, including a settlement with the SEC and relocating to Switzerland, the TON Foundation remains focused on developing its blockchain ecosystem. Telegram surpassed $1 billion in revenue in 2024, indicating strong business performance amidst controversies.