TON, which is linked to Telegram Messenger, plans to expand into the US market, anticipating more favorable regulatory conditions under President-elect Donald Trump.

As part of its US expansion strategy, the organization has appointed Manuel Stutz, founder of Kingsway Capital Partners, as its new president. Stutz will succeed Steve Yoon, who will remain on the board. According to To Bloomberg.

open network (Tons) is a blockchain platform that enables cable 950 million users have access to services such as in-app payments and gaming, often using the native cryptocurrency Toncoin.

The organization's move to the United States reflects its belief that the country will become a global hub for cryptocurrency innovation.

This perspective is influenced by the president-elect Trump's commitment To make the United States a central player in the digital assets sector, in contrast to the more stringent regulations of the outgoing administration.

Trump is a supporter of cryptocurrencies

President-elect Donald Trump recently became a supporter of cryptocurrencies, a major shift from his previous skepticism. In July 2024, During a speech In Nashville, he referred to Bitcoin as representing freedom, sovereignty and independence from government.

His policy proposals also demonstrate Trump's support for the cryptocurrency industry. I have pledge To make the United States the “crypto capital” of the planet and proposed creating a strategic reserve of Bitcoin.

In addition, Trump launched his family's cryptocurrency venture, World Liberty Financial, indicating his personal investment in the sector.

Previously, Telegram's attempt to raise money for a cryptocurrency project faced challenges from US regulators, leading to a settlement with the Securities and Exchange Commission in 2020.