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Ton, from Toncoin, announces expansion to the US after Donald Trump’s inauguration
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The foundation The Open Network (TON), responsible for Toncoin, revealed its expansion strategy for the United States at a strategic moment, marked by the inauguration of President Donald Trump.
The decision comes amid expectations that the new republican government will implement crypto-friendly regulationsa commitment frequently reiterated by Trump during his campaign.
The announcement was made in an official statement, which also highlighted the appointment of Manuel Stotz as the new president of the foundation. Stotz, founder of investment manager Kingsway Capital Partners Ltd., said the The United States is poised to become a global hub for cryptocurrency innovation.
This leadership change is part of a strategic plan to position TON as a relevant force in the world’s largest economy.
Toncoin Expansion
TON’s expansion to the US is seen as an opportunity to attract new investors and significantly expand the network’s transaction volume. This movement could positively influence the price of toncoin (TON), the ecosystem’s native currency.
Currently, the TON is quoted at US$5.33, ranking 13th in the global market capitalization rankingo, with a value of US$12 billion, according to data from Coingecko.
However, TON’s trajectory was not without challenges. The foundation faced difficulties due to the legal case involving Pavel Durovfounder of Telegram, accused of allowing the use of the platform for illicit activities, such as drug trafficking and money laundering.
Dúrov was released on bail in France and could face a sentence of up to 10 years in prison if convicted.
Although the links between TON and Telegram are frequently mentioned, the foundation emphasizes that there is no official relationship between the entities. However, the historical association continues to influence investors’ and users’ perceptions of the project.
By entering the United States, TON hopes to not only strengthen its global presence, but also benefit from the promising regulatory climate which Trump promises to implement. This scenario could accelerate the growth of the ecosystem, consolidating TON as a key player in the cryptocurrency market.
Ton, from Toncoin, announces expansion to the US after Donald Trump’s inauguration
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Ton, from Toncoin, announces expansion to the US after Donald Trump’s inauguration
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Ton, from Toncoin, announces expansion to the US after Donald Trump’s inauguration
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Ton, from Toncoin, announces expansion to the US after Donald Trump’s inauguration
