The TON Foundation appoints Manuel Stotz as its new president, with a new strategic focus on growth in the US market

PANews January 14 news, according to Bloomberg, a blockchain closely related to Telegram Messenger LLP is preparing to expand in the United States because the new U.S. government led by Trump may provide a friendly regulatory environment. The Open Network (TON) Foundation appoints board member Manuel Stotz as president, with a new strategic focus on growth in the U.S. market. Stotz, founder of investment management firm Kingsway Capital Partners Ltd., succeeds Steve Yun, who remains on the board. Stotz said the TON Foundation expects “the United States will soon become a global crypto hub focused on innovation.”

President-elect Trump, who will take office on January 20, has vowed to make the United States key to the digital asset industry. This contrasts with the outgoing Biden administration’s crackdown on cryptocurrencies.