In what is certainly an important development for this state of the industry within the country, TON Blockchain has announced that its The Open Network will officially expand in the US, according to a Bloomberg report.
TON is not Telegram’s official blockchain. Telegram was forced to abandon its blockchain project in 2020 and an independent community of developers used the open source and launched its own blockchain, TON as it exists today. TON is an independent project run by the community members and is headed by the independent TON Foundation.
The entire industry is expecting favorable regulation to be a key impact of Trump’s return to the White House. Moreover, the returning commander-in-chief is expected to issue executive crypto policy orders on his first day returning to the Oval Office.
JUST IN: 🇺🇸 Telegram's TON blockchain to expand to US.
— Watcher.Guru (@WatcherGuru) January 14, 2025
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TON Expanding to US as Pro-Crypto Regulation Expected Under Trump
In November of 2024, Donald Trump emerged victorious in a historic United States presidential election. He would be set to serve his second consecutive term in the White House, with the crypto industry responding with sheer adulation.
During his campaign for reelection, Trump emerged as the first true pro-crypto candidate in history. Now, he is bringing those ideas back with him as he once again takes over the role of president. This time, with an eye on the importance of Bitcoin and other cryptocurrencies. Therefore, he would be making the country a leader in the developing industry.
That has already begun. Indeed, Telegram-linked TON blockchain is reportedly set to expand in the US, according to a report. Moreover, they are set to do so because of Trump’s position as president-elect.
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The TON Foundation recently named Manuel Stotz its new president. Specifically, the move was made to ensure the network had a renewed strategic focus, “on pursuit growth in the world’s top economy,” the report notes.
Stotz stated TON’s anticipation for the United States to “soon become a global crypto hub keenly focused on innovation.” A key part of that will be Trump’s incoming administration. Moreover, there are high hopes that he will finally institute a strategic Bitcoin reserve. According to US Senator Cynthia Lummis, it could happen as early as within his first 100 days back in office.