The cryptocurrency lender Nexo, which manages $11 billion in assets, announces its return to the U.S. after exiting the regulatory landscape at the end of 2022.
Nexo's return to the American market has been made possible by changes in cryptocurrency regulation under the Trump administration.
Nexo returns to the USA – Why this is important
Nexo co-founder Antoni Trenchev announced the return during an exclusive business event attended by Donald Trump Jr., a well-known supporter of the crypto industry. The gathering highlighted the growing political support for digital assets in the U.S.
"America is coming back — and so is Nexo. Thanks to the vision and leadership of President Donald J. Trump, his administration, and his family, the United States is once again a place where innovation is supported rather than stifled. A place where pioneers are celebrated. Nexo is returning to America — stronger, smarter, and poised for victory," said Trenchev.
Donald Trump Jr. reinforced this sentiment, stating:
"Cryptocurrency is the future of finance. We must bring this innovation back to American soil to preserve our economic leadership."
Users in the U.S. will once again have access to all Nexo services, including:
High-yield crypto savings
Asset-backed lines of credit
Advanced trading
Institutional-level liquidity solutions
Over the last week, the native token of the network, NEXO, has increased by more than 12%, and the positive sentiment continued today after the news. Its market capitalization is $1.2 billion. Nexo is a popular cryptocurrency lending platform that has been operating since 2018. It has processed over $320 billion in transactions.
In 2022, it exited the U.S. market due to regulatory pressure. The U.S. Securities and Exchange Commission (SEC) and several states (New York, Kentucky, and Vermont) accused Nexo of offering unregistered securities through its Earn Interest products. Later, the crypto lender agreed to pay a $45 million fine and ceased offering services to customers in the U.S.
Now, with a more favorable regulatory climate, Nexo's return signifies an important shift. The platform now aims to strengthen its mission of enabling users to grow and safeguard their cryptocurrency assets through secure, tailored solutions. Under Trump’s leadership, U.S. regulators seem more open to crypto innovations, potentially paving the way for the return of other platforms that were forced to leave the market. Recently, the cryptocurrency market maker DWF Labs also announced its entry into the U.S. market.
In January, the TON Foundation announced that it is preparing for significant expansion in the United States due to changes in the regulatory environment for cryptocurrencies.#BinanceSquare #Squar2earn #Write2Earn #crypto #Binance $NEXO