Nexo is back!
After stepping away from the U.S. market in late 2022 due to unclear regulations, the crypto services giant has made a powerful return — and this time, it’s got some major political backing. At a special reentry event on April 28, none other than Donald Trump Jr. threw his support behind Nexo, declaring:
> “Crypto is the future of finance. We see the opportunity and want to bring it back to the U.S.”
Trump Jr. stressed that a strong, supportive regulatory framework is crucial for the crypto industry to thrive, signaling a new era of cooperation between innovators and policymakers.
Nexo had previously exited the U.S. after citing regulatory uncertainty and agreeing to a $45 million settlement with the SEC over its interest-earning product. Following the settlement, Nexo also shut down its U.S. interest-earning service to comply with authorities.
However, the winds of regulation seem to be shifting. The appointment of Paul Atkins as the new SEC Chair has sparked fresh optimism across the crypto world. Industry leaders like Michael Saylor, CEO of Bitcoin giant Strategy (formerly MicroStrategy), praised the move, saying:
> "SEC Chairman Paul Atkins will be good for Bitcoin."
James Gernetzke, CFO of Exodus Wallet, echoed this sentiment, emphasizing the importance of having open, reasonable dialogues with regulators moving forward.
While Nexo hasn’t released more details yet about its renewed U.S. strategy, one thing is clear: with heavyweight support and a friendlier regulatory landscape, crypto’s future in America looks brighter than ever.