The TON Foundation plans to expand to the U.S. under a pro-crypto Trump presidency. On Jan 14, the foundation took to its Twitter (X) account to announce this development and confirm Manuel Stotz as its new president.
This announcement reflects the positive anticipation of a favorable crypto atmosphere under the Trump administration. The foundation plans to position itself strategically for opportunities that would emerge in the U.S. market.
President-elect Donald Trump has promised to make the U.S. the leading force in the world of digital assets. His plans include a strategic Bitcoin reserve and a conducive environment for blockchain innovation.
The TON Foundation plans to leverage its association with Telegram’s popular messaging app. Telegram’s network already serves over 900 million users, offering in-app payments and gaming capabilities.
According to a publication by Statista, the U.S. has the third largest Telegram users. India and Russia come first and second, respectively. The TON foundation anticipates room to capture more U.S. users under Trump’s pro-crypto policies.
TON Foundation Shows Strong Confidence in New Leadership
TON Foundation has appointed Manuel Stotz as its new leader in its strategic move to capture the U.S. market. Manuel Stotz co-founded Kingsway Capital, a $1.5 billion Frontier Market Investment Business focusing on Customer Franchises.
Before this, he was a portfolio manager, a partner at THS Partners LLP, and an investment analyst at Goldman Sachs Investment Partners.
The TON Foundation believes his experience managing billions in assets and supporting key blockchain players is a big advantage. He will drive the Foundation’s mission to improve decentralization and build new U.S. partnerships.
His predecessor, Steve Yun, who was pivotal in shaping the Foundation’s vision, will continue to serve on the board. His counsel and guidance have been highlighted as critical for a smooth transition.
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