The TON Foundation is preparing for a major expansion in the US, encouraged by expectations of a favorable regulatory climate under the incoming administration of Donald Trump.

The foundation has announced changes to its leadership as part of this strategic shift. 

TON Foundation to Enter the US Market

TON has named Manuel Stotz, founder of Kingsway Capital Partners Ltd., president of the foundation. Stotz replaces Steve Yun, who will continue as a board member.

“As a co-founder of Kingsway Capital, he has experience managing billions in assets and supporting key blockchain players. Alongside Steve Yun, Manuel will drive the Foundation’s mission to enhance decentralization and forge new US partnerships,” TON Foundation wrote on X (formerly Twitter).

Donald Trump, who will take office on January 20, has pledged to position the US as a hub for digital assets. As BeInCrypto reported earlier, he may issue a pro-crypto executive order on his first day in office. 

The order will likely reverse existing SEC policies that limit banks’ ability to custody Bitcoin and other cryptocurrencies. 

This would mark a significant departure from President Joe Biden’s administration’s restrictive approach.

“It’s not only a new US president that can make America great again… TON is coming to help too! TON will reach everyone. It’s only a matter of time!,” wrote Jack Booth, Co-Founder of the TON Society. 

The TON Foundation, which supports the

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Author: Mohammad Shahid