In what is certainly an important development for this state of the industry within the country, Telegram has announced that its The Open Network (TON) Blockchain will officially expand in the US. Indeed, the network connected to the Telegram messenger is seeking to embrace the pro-crypto regulation that is expected under United States President-elect Donald Trump, according to a Bloomberg report.
The entire industry is expecting favorable regulation to be a key impact of Trump’s return to the White House. Moreover, the returning commander-in-chief is expected to issue executive crypto policy orders on his first day returning to the Oval Office.
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Telegram’s TON blockchain to expand to US.
— Watcher.Guru (@WatcherGuru) January 14, 2025
Also Read: Toncoin Rebounds as Telegram Founder Breaks Silence on Arrest
Telegram Expanding to US as Pro-Crypto Regulation Expected Under Trump
In November of 2024, Donald Trump emerged victorious in a historic United States presidential election. He would be set to serve his second consecutive term in the White House, with the crypto industry responding with sheer adulation.
During his campaign for reelection, Trump emerged as the first true pro-crypto candidate in history. Now, he is bringing those ideas back with him as he once again takes over the role of president. This time, with an eye on the importance of Bitcoin and other cryptocurrencies. Therefore, he would be making the country a leader in the developing industry.
That has already begun. Indeed, Telegram’s TON blockchain is reportedly set to expand in the US, according to a report. Moreover, they are set to do so because of Trump’s position as president-elect.
Also Read: Telegram to Share User Data for Legal Requests After CEO Arrest
The TON Foundation recently named Manuel Stotz its new president. Specifically, the move was made to ensure the network had a renewed strategic focus, “on pursuit growth in the world’s top economy,” the report notes.
Stotz stated TON’s anticipation for the United States to “soon become a global crypto hub keenly focused on innovation.” A key part of that will be Trump’s incoming administration. Moreover, there are high hopes that he will finally institute a strategic Bitcoin reserve. According to US Senator Cynthia Lummis, it could happen as early as within his first 100 days back in office.
