The Crypto Lender Nexo, which manages $ 11 billion in
Nexo's return to the American market has been possible thanks to changes in the crypto industry regulations under the Donald Trump administration.
Nexo is going back to the US – why is it important
Nexo co-founder Antoni Trenchev announced the return during an exclusive business event attended by Donald Trump Jr., a supporter of the crypto industry voice. The gathering emphasized the growing political support for digital assets in the US.
“America is back – and so does Nexo. Thanks to President Donald J. Trump's vision and leadership, his administration, and his family, the United States is a place where the change is champion, not stifled. A place where the pioneers are celebrated. Says.
Donald Trump Jr. This emotion, which says:
“Crypto is the future of finances. We must restore this modern American land to maintain our economic leadership.”
US users will recover access to all Nexo services, including:
- High yielding crypto saving accounts
- Credit lines supported by asset
- Advanced trading
- Solutions in the study of the institution's liquidity
Last week, the network's native token Nexo, went up more than 12%, and the positive emotion continued today following the news. Its market cap stands for $ 1.2 billion.
Nexo is a popular crypto lending platform that has been running since 2018. It has processed more than $ 320 billion in transactions.
It appeared in the US in 2022 due to pressure of regulations. SEC and several states (New York, Kentucky, and Vermont) have accused Nexo who offers unregistered security through those who earn interest products. The Crypto lender later agreed to pay a $ 45 million fine and unstoppable services for US customers.
Now, with a more desirable regulatory climate, Nexo's return marks a pivotal shift. The platform now aims to strengthen its mission to empower users to grow and maintain crypto wealth with safe, specialized solutions.
Under Trump's leadership, US regulators appear to be more open to crypto change, which potentially pave the way for other eliminated platforms to return. Recently, the crypto market manufacturer also announced that DWF Labs is entering its US market.
In January, the TON Foundation said it was preparing for a major expansion in the United States thanks to the changing environment of crypto regulation.
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