The crypto heavyweight, is stepping back into the U.S. ring after a two-year timeout. And who’s in their corner?
None other than Donald Trump Jr., flashing that signature grin, telling the world, crypto is the future of finance. You can’t make this up.
Back in town
Back in late 2022, Nexo packed its bags and left the States. Why? The regulators were breathing down their necks, especially over their Earn Interest product.
The SEC and a whole lineup of state watchdogs said Nexo was selling unregistered securities.
Nexo returns to the U.S. market.
We are embracing renewed optimism and entrepreneurial momentum to deliver our full products to American clients in a supportive environment. 🧵 pic.twitter.com/WWF624Dr4f
— Nexo (@Nexo) April 28, 2025
The result? A $45 million settlement and a swift exit, leaving U.S. customers high and dry. Not exactly the kind of farewell party you want.
But times, they are a-changin’. Now, Nexo’s co-founder Antoni Trenchev is singing a new tune.
At a glitzy event in Bulgaria-think velvet ropes, VIPs, and Trump Jr. as the star speaker-Trenchev declared, America is back, and so is Nexo.
He’s feeling the love, crediting a tectonic shift in U.S. attitudes toward crypto. Apparently, with Trump back in the White House and Paul Atkins running the SEC, the regulatory clouds are parting.
The word on the street? Innovation is finally getting a seat at the table instead of being shown the door.
Portfolio
So what’s Nexo bringing to the table this time? Everything. We’re talking high-yield crypto savings, asset-backed credit lines, and all the trading tools your heart desires.
They’re managing $11 billion in assets and want a piece of both retail and institutional action in the U.S. market.
No more tiptoeing around the regulators, Trenchev says they’ve been working constructively with the SEC to make sure this comeback sticks.
Innovation
And let’s not forget Trump Jr.’s pep talk. He’s out there saying the U.S. needs a regulatory framework that actually helps crypto grow, not just ties it up in red tape.
The key to everything crypto is going to be the regulatory framework, he says. For once, the suits and the techies might be on the same page.
Nexo’s return is a signal. With new SEC leadership promising a friendlier, clearer approach to crypto assets, the U.S. could finally become the playground crypto innovators always wanted.
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