The TON Foundation, the organization behind the The Open Network (TON) blockchain and the cryptocurrency Toncoin, has just announced plans to expand operations in the U.S. This is seen as a strategic move to capitalize on new opportunities under the Donald Trump administration, aiming to make the U.S. a global hub for the crypto industry.



Important Personnel Changes



On the evening of January 14, 2025, the TON Foundation announced the appointment of Manuel “Manny” Stotz as Chairman, replacing Steve Yun. Under Steve Yun, $TON achieved significant milestones, and he will continue to support as a member of the Board of Directors.



The leadership change is seen by the TON Foundation as a preparation step for plans to enter the U.S. market, where they predict it will quickly become an innovation hub for cryptocurrencies thanks to the new administration's open policies.



Expectations for the Legal Environment Under the Trump Administration



The TON Foundation believes that the U.S., under the leadership of President Donald Trump, will facilitate the development of the crypto industry. Previously, sources revealed that Trump plans to sign a series of executive orders to promote this industry right from his first day in office.



This move is completely contrary to the strict stance of the #JoeBiden administration, which has been criticized for imposing many legal barriers on crypto.



Current Challenges and Growth Momentum



Despite ambitious expansion plans, the TON Foundation still faces challenges as Pavel Durov, CEO of Telegram - a platform closely related to the TON blockchain, is currently under house arrest in France.



Mr. Durov was accused of aiding criminal activities on Telegram in 2024. After posting a $5 million bail, he was released but had to remain in France awaiting trial. Meanwhile, Telegram reached a record revenue milestone, surpassing $1 billion in 2024, thanks to efforts to censor and improve the platform.



Toncoin Reacts Positively



Immediately following the announcement from the TON Foundation, the price of Toncoin rose over 6% in the past 24 hours, indicating optimism from the community regarding the expansion plans and the project's future.



Long-Term Vision of the TON Foundation



The expansion plan into the U.S. not only marks a significant turning point for the TON blockchain but also affirms the organization’s long-term vision. With support from the new legal environment and innovative strategies, TON expects to enhance its global standing in the cryptocurrency industry.



(Note: This article is for informational purposes only and is not investment advice.) #anhbacong