Telegram’s TON Blockchain is ready for major expansion in the US amid Trump’s involvement in cryptocurrencies

The Open Network Foundation (TON), closely linked to Telegram, has its sights set on an ambitious expansion into the US. This strategic step comes amid expectations of more Favorable regulatory environment Under the next administration led by Donald Trump.

TON Foundation appoints Manny Stutz as new president

basis Announce The appointment of Manuel “Manny” Stutz as its new president is an important shift in leadership aimed at strengthening the growth strategy in the world’s largest economy.

Manny Stutz, an investor and founder of Kingsway Capital Partners Ltd., takes over from Steve Yeun, who has been instrumental in shaping the organization’s vision and success. Yoon will remain on the Board of Directors, ensuring a smooth transition and continuity of leadership.

In a statement on this pivotal change, Stutz expressed his gratitude for Yoon’s contributions and highlighted the strong foundation that was laid during his presidency.

“Steve Yoon’s leadership has been instrumental in guiding the TON Foundation toward unprecedented growth,” Stutz said. “The entire TON community is extremely grateful for his contributions and looks forward to continuing to benefit from his wisdom and experience as we embark on this new phase.”

Aiming for strategic growth in the United States

Stotz has extensive experience in Financial sectorespecially in emerging and frontier markets, makes him well-positioned to lead the organization’s expansion efforts in the United States.

Having served on the Board of Directors since its inception in Switzerland, he brings a wealth of knowledge about blockchain technology and its ability to advance financial inclusion, the TON Foundation announced.

Through his company, Kingsway Capital, Stutz champions initiatives aimed at providing access to financial services to unbanked populations in regions home to more than three billion people.

His investment firm has already backed more than 50 leading companies in the blockchain sector, including notable names such as Animoca Brands and Blockchain.com.

“Money’s exceptional track record in investing and passion for leveraging blockchain to empower communities makes him the ideal leader for this next chapter,” said Steve Yuen. “His vision, commitment and extensive global network align perfectly with the organization’s renewed focus on strategic expansions into the U.S. market.”

In his new role, Stotz aims to accelerate TON adoption in the US, positioning it as a growing growth leader. blockchain Ecosystem. “I am honored to take on this role and build on the incredible foundation laid by Steve and the entire team,” he said.

“TON is uniquely positioned to lead the blockchain revolution. I look forward to working with our partners and stakeholders to accelerate this mission, especially in the dynamic and innovative US market.”

As of this writing, the price of Toncoin, the blockchain’s native token, stands at $5.34 and has seen a decline of more than 16% over the past month as the overall market struggles to regain bullish sentiment.

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