Cryptocurrencies
Telegram-Linked TON Blockchain to Expand in US as Trump Courts Crypto
- TON Foundation names Kingsway’s Stotz as its new president
- Development is part of a strategic shift to focus on US growth
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A blockchain with close ties to Telegram Messenger LLP is preparing to expand in the US, drawn by the prospect of a welcoming regulatory backdrop under the upcoming administration headed by Donald Trump.
The Open Network — or TON — Foundation named board member Manuel Stotz as president under the fresh strategic focus on pursuing growth in the world’s top economy, according to a statement on Tuesday. Stotz, founder of investment manager Kingsway Capital Partners Ltd., replaces Steve Yun, who remains on the board.