Crypto lending platform Nexo has announced its plans to relaunch operations in the United States amid a more favorable environment for digital assets in the country.
In a recent update shared on the social media platform X, Nexo revealed its intentions to resume services for American customers after discontinuing them approximately two years ago due to regulatory issues.
“Nexo is making a comeback in the US market, fueled by a renewed sense of optimism and entrepreneurial drive to offer our full range of products to American clients within a supportive ecosystem.”
Although no specific date has been provided, the decision follows Nexo’s halt in operations and subsequent payment of a $45 million fine to the U.S. Securities and Exchange Commission (SEC) in 2023 for allegedly operating an unregistered crypto asset lending product known as the Earn Interest Product (EIP).
According to Reuters, Nexo unveiled its reentry strategy while hosting Donald Trump Jr. at a cryptocurrency conference in Bulgaria under the theme “Trump Business Vision 2025.”
Nexo’s co-founder, Antoni Trenchev, informed the news outlet that the company aims to reestablish its presence in the US “in the coming months” and is engaged in “constructive” dialogues with the SEC and other regulatory bodies in the country.
Trenchev clarified that while Trump Jr. is not directly assisting Nexo in its US comeback, he is helping to promote the significance of cryptocurrencies in the United States and laying the groundwork for their acceptance.
During President Trump’s administration, efforts were made to embrace digital assets, such as the signing of an executive order to establish a strategic Bitcoin (BTC) and crypto reserve.
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