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HomeNewsTON Eyes Expansion into the U.S. Market with Trump's Return

TON Eyes Expansion into the U.S. Market with Trump’s Return

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  • The TON Foundation plans to expand into the U.S., expecting favorable crypto regulations under Donald Trump.
  • The expansion could boost Toncoin’s user base, trading volume, and value in the global market.

The Open Network (TON), a blockchain project closely linked with Telegram, is setting its sights on the U.S. market. This move comes as the cryptocurrency ecosystem braces for regulatory shifts that could accompany Donald Trump’s return to the White House.

Trump, a supporter of cryptocurrency innovation, has pledged to create a regulatory environment conducive to blockchain growth in the United States.

In a key development, the TON Foundation announced the appointment of Manuel Stotz as its new president. Stotz, previously a board member and the founder of Kingsway Capital Partners Ltd., will spearhead TON’s strategy for entering the U.S. market.

He emphasized the transformative potential of the U.S. as a global crypto innovation hub, stating,

“The United States will soon emerge as a leader in blockchain development.”

Why the U.S. Market Matters for TON

TON has already demonstrated remarkable growth in 2024, solidifying its position in the cryptocurrency space. As of now, TON ranks 13th by market capitalization with a valuation of $12 billion, according to CoinMarketCap. The price of Toncoin, the native token of the TON ecosystem, stands at $5.39.

The U.S. expansion is poised to unlock new opportunities for TON. The American market offers vast potential for user acquisition and trading activity, which could significantly impact the value of Toncoin.

As TON integrates with Telegram’s widely-used messaging platform—though unofficially—the blockchain network is uniquely positioned to tap into Telegram’s global user base.

Challenges and Legacy Issues

Despite its potential, TON’s journey has not been without hurdles. Its reputation was tarnished by legal issues surrounding Telegram founder Pavel Durov.

Accusations of enabling illegal activities such as drug trafficking and money laundering on Telegram have led to ongoing legal proceedings in France, where Durov is currently released on bail. A conviction could result in up to ten years of imprisonment.

TON’s historical ties to Telegram—despite no formal relationship—continue to shape perceptions among investors and users.

The blockchain’s reliance on Telegram bots for much of its ecosystem activity underlines this connection, blurring the line between the messaging platform and the decentralized network.

As the TON Foundation advances its U.S. ambitions, the coming months will be pivotal in determining whether it can leverage this market’s potential to solidify its place among the top-tier blockchain networks.

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Syofri
Syofri
Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: [email protected] Phone: +49 160 92211628
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