Nexo, the global platform for wealth of digital assets, announced its return to the American market.
The development was revealed during an exclusive commercial event featuring the opening speeches of Donald Trump Jr., executive vice-president of the Trump organization; Gila Gamliel, Israeli Minister of Innovation, Sciences and Technology; and Antoni Trenchev, co-founder of Nexo.
Optimism and support for cryptographic innovation
According to a press release of April 28 shared with Cryptopotato, supported by $ 11 billion in assets under management, the return of the company to the United States intervenes in the middle of a renewal of optimism and entrepreneurial dynamics.
The Crypto lender offer American retail and institutional customers access its products, in particular high -performance savings accounts, credit lines supported by assets, advanced negotiation options and institutional quality liquidity solutions.
The co -founder of Nexo, Antoni Trinchev, officially confirmed the revival of the company in the country, “America is back – just like Nexo”. He credited the vision and management of President Donald J. Trump, his administration and his family for having created an environment where innovation is encouraged. “Nexo returns to America-stronger, smarter and determined to win,” he added.
Donald Trump Jr. spoke of the importance of cryptocurrencies for the United States, stressing their role in maintaining the country's economic leadership and technological progress.
“I think the crypto is the future of finance,” said the president's son. “We see the opportunity for the financial sector and want to make sure to bring this back to the United States,” he continued.
He added that the establishment of a favorable regulatory framework would be crucial to empower entrepreneurs and ensure the competitiveness of the nation in the digital economy, stressing: “The key to all that the crypto will be the regulatory framework.”
The event, titled by Donald Trump Jr. and Gila Gamliel, brought together eminent members of the World Affairs community and leading figures from the investment and innovation sectors.
Regulatory challenges that led to the exit
Nexo’s back to school follows a difficult period marked by its gradual withdrawal from the American market in December 2022. At that time, the company cited regulatory uncertainty and contradictory advice between state authorities and federal reasons as the main reasons for its release.
Despite more than 18 months of discussions with regulators, the cryptographic lender had trouble finding a solution to his problems. The efforts to comply included customers outside of boarding from New York and Vermont and to suspend new inscriptions for its EARN interest in several states. In the end, the incoherent regulatory positions and an extended survey of the Consumer Financial Protection Office (CFPB) forced Nexo to stop its American operations.
The return of the company follows a similar decision by OKX, which announced less than two weeks ago that it reopens its exchange of American crypto and is launching a new web3 portfolio for users in the country.
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