TON Foundation Shifts Focus to the United States, Appoints Manuel Stotz as New President

The TON Foundation, which has close ties to Telegram Messenger LLP, is shifting its focus to the United States. This stems from expectations of a favorable

The TON Foundation, closely affiliated with Telegram Messenger LLP, is redirecting its attention to the United States.

This shift is driven by anticipation of a favorable regulatory climate under the incoming Donald Trump administration. The move seeks to capitalize on opportunities in the world’s largest economy as the blockchain industry anticipates potential policy pivots. Notably, the president-elect awaits inauguration on the 20th of this month.

According to a Bloomberg report, the foundation announced on Tuesday the appointment of Manuel Stotz as its new president, succeeding Steve Yun, who will continue as a board member.

Stotz, a veteran investor and founder of Kingsway Capital Partners Ltd., will spearhead efforts to bolster TON’s presence in the U.S. market. The transition aligns with the foundation’s focus on leveraging a more conducive regulatory environment in the United States.

Leadership Transition

The appointment of Stotz marks a major leadership change for the TON Foundation. With deep experience in digital assets, Stotz will oversee the foundation’s initiatives in the U.S., a market that presents significant growth opportunities for blockchain technology.

As the TON Foundation sets its sights on U.S. expansion, Toncoin (TON), its native token, saw notable price activity. On the day of the announcement, Toncoin traded at $5.35, reflecting a 4.05% increase in 24 hours, although it faced a 5.70% decline over the past week.

Prospects Under Trump

The TON Foundation’s shift aligns with emerging discussions on crypto policy under the anticipated Trump administration. David Sacks, Trump’s incoming AI and Crypto Czar, is engaging with industry stakeholders to address critical regulatory concerns.

Key priorities include tackling issues like “de-banking” and revising accounting rules that classify digital assets as liabilities for banks. These measures could significantly impact the operational environment for blockchain firms in the U.S.

Reports indicate that Trump may address these issues through executive orders immediately upon assuming office.

In preparation for his administration’s policy focus, a luncheon titled “America First: The Future of Space, AI, and Tech” was held on December 20 at Mar-a-Lago. The event brought together leading tech investors and policymakers to discuss innovation and regulatory strategies.

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