PANews reported on January 14 that a blockchain closely related to Telegram Messenger LLP is preparing to expand in the United States because the new US government led by Trump may provide a friendly regulatory environment. The Open Network (TON) Foundation appointed board member Manuel Stotz as president, and the new strategic focus is to focus on growth in the US market. Stotz is the founder of investment management company Kingsway Capital Partners Ltd. and succeeds Steve Yun, who remains on the board. Stotz said the TON Foundation expects "the United States will soon become a global crypto hub focused on innovation."

President-elect Trump, who will take office on January 20, has vowed to make the United States key to the digital asset industry. This is in stark contrast to the outgoing Biden administration's crackdown on cryptocurrencies.