Telegram’s TON blockchain plans to expand in the US, anticipating pro-crypto policies under President-elect Donald Trump. The crypto industry expects Trump to prioritize Bitcoin and make the US a global leader in digital assets.
Bloomberg reports that Telegram has announced plans to grow its TON blockchain in the US, hoping that crypto-friendly laws will be put in place by President-elect Donald Trump.
The crypto business, which is hopeful about Trump’s pro-crypto policies and stance, sees this as a big step forward.
There will be a second term for Donald Trump in the White House after he won the election in November 2024. He was the first candidate to openly support cryptocurrencies like Bitcoin and Ethereum.
As part of his plans to make the US a leader in the digital asset space, he promised to give these technologies top priority in his government.
As Trump gets ready to become president, the crypto industry is expecting him to issue executive orders about crypto policy in his first few days in office.
The TON blockchain in Telegram sees this as a chance to grow in a country that is about to become a global hub for cryptocurrencies.
Stotz, who works for TON, said he was confident that the US could be a leader in crypto innovation under Trump’s leadership.
Some people also think that the US might set up a strategic Bitcoin reserve in Trump’s first 100 days in office. Senator Cynthia Lummis supports this idea.
The growth of Telegram shows that people are getting more hopeful that the US will move toward a more crypto-friendly future, which is in line with Trump’s goals for the industry.
