The Ton Foundation targets American expansion under Trump
Key receivers
The Ton Foundation has appointed Manuel Stotz as president as part of its US expansion plans. The foundation aims to leverage pro-crypto policies expected under Donald Trump.
Share this article
The Ton Foundation appointed Manuel Stotz. brand new President Ahead of President-elect Donald Trump's return to the White House, a blockchain platform is setting its sights on the US market, Bloomberg reported on Tuesday.
Founder of Kingsway Capital Partners He replaces Steve Yu, who remains on the board, according to the report.
Known as a non-profit organization dedicated to nurturing and supporting projects in the TON ecosystem, the foundation is optimistic that the economic powerhouse will “soon become a global crypto hub focused on innovation.”
The blockchain associated with Telegram Thanks to Trump's anticipated pro-crypto push, it's gearing up for growth. policies, which Include plans for a national Bitcoin reserve and a push to strengthen America's leadership in digital assets.
Not just tons, but the entire crypto industry is transparent. they are. Paying attention to what comes after Trump's inauguration. The change in leadership is expected to provide relief to the industry, which has long been subject to regulatory oversight and enforcement Actions to do It strengthened under the Biden administration, especially after major exchanges like FTX collapsed.
The Washington Post reported on Monday that the Trump administration plans to issue executive orders on the first day to support the crypto industry and promote blockchain technology in the US. These policies were drafted with contributions from technology leader Marc Andreessen and AI and crypto czar David Sachs, and aim to improve accounting standards for digital assets and create a supportive legal environment for crypto companies.
Ton was originally conceived as Telegram's open network to facilitate fast and secure transactions within the Telegram ecosystem. The project aims to integrate crypto functions into the messaging platform. Telegram abandoned its first crypto project, Gram, in 2020 due to regulatory hurdles. Following this setback, Ton's development shifted to an open source community model.
The Ton Foundation was founded in Switzerland in 2023. It operates without a single regulatory authority, allowing for community input and decentralized governance.
Months after being arrested in France, Telegram CEO and founder Pavel Durov appeared in a Paris court last month for the first public criminal investigation into alleged illegal activities on the platform.
Share this article
