Telegram’s TON blockchain is expanding into the U.S. market. This move comes as U.S. crypto regulation becomes more favorable.
Under President-elect Donald Trump, the U.S. is shifting toward a more crypto-friendly approach. This is a stark contrast to the stricter regulations of the previous President Joe Biden administration.
TON’s U.S. Expansion Plans
As reported by Bloomberg on January 14, the TON Foundation, which oversees the TON blockchain, has set its sights on the U.S. market. The foundation believes the U.S. will become a global hub for cryptocurrency innovation.
This optimism is fueled by Trump’s pro-crypto stance. He has pledged to make the U.S. “the crypto capital” of the world. His policies will likely benefit digital assets like TON.
The TON Foundation appointed Manuel Stotz as its new president to lead the expansion. Stotz replaces Steve Yun, who remains on the board.
Stotz brings valuable experience from Kingsway Capital Partners. His leadership is expected to guide TON’s growth in the U.S. market.
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Toncoin’s Growing Adoption
Toncoin is the native cryptocurrency of the TON blockchain. It powers a variety of services within Telegram, such as in-app payments and games.
Telegram has over 950 million active users. This large user base gives Toncoin a unique advantage in the crypto space.
The U.S. expansion targets the growing adoption of Toncoin. As of January 2025, the value of Toncoin has been increasing. This momentum is expected to continue as the TON Foundation expands into new markets.
Trump’s attitude toward crypto has shifted. In July 2024 during the Bitcoin conference in Nashville, he referred to Bitcoin as a symbol of “freedom, sovereignty, and independence from government.”
He has also pledged to create a Bitcoin strategic reserve. These steps are part of his broader plan to support cryptocurrency.
Trump’s policies offer a more welcoming environment for crypto projects like TON. His administration’s stance on digital assets contrasts with the previous administration’s regulatory approach.
Ripple’s recent success in launching its stablecoin RLUSD despite pending dispute with the Securities and Exchange Commission (SEC)further shows the U.S. is warming to crypto.
The stablecoin launched with approval from the New York Department of Financial Services (NYDFS) and quickly gained support from major exchanges.
This is a sign that the U.S. market is ready to embrace new digital assets. The success of Ripple’s RLUSD highlights the growing acceptance of blockchain technology in the U.S.
Toncoin Price Reaction
As the TON Foundation’s U.S. expansion gains traction, Toncoin has seen a notable price increase. TON’s price is currently at $5.36, following a 3.46% rise over the last 24 hours.
This price surge appears to be reacting positively to the news of Telegram’s blockchain entering the U.S. market.
With the increased visibility and adoption potential in the U.S., TON is likely to maintain bullish momentum in the short to medium term.
As Telegram’s global user base continues to expand, so too will the demand for Toncoin, potentially driving further price growth.