Crypto lender Nexo, which manages $11 billion in assets, announces return to the US after regulatory exit in late 2022
Nexo’s return to the American market has become possible thanks to the changes in crypto industry regulations under the Donald Trump administration.
Nexo Is Coming Back to the US – Why It Matters
Nexo co-founder Antoni Trenchev announced the return during an exclusive business event attended by Donald Trump Jr., a vocal supporter of the crypto industry. The gathering underscored the growing political support for digital assets in the US.
“America is 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 championed, not stifled. A place where pioneers are celebrated. Nexo is returning to America — stronger, smarter, and determined to win,” Trenchev said.
Donald Trump Jr. reinforced this sentiment, stating:
“Crypto is the future of finance. We must bring this innovation back to American soil to maintain our economic leadership.”
US users will regain access to all Nexo services, including:
High-yield crypto savings accounts
Asset-backed credit lines
Advanced trading
Institutional-grade liquidity solutions
Over the past week, the network’s native token, NEXO, surged by more than 12%, and the positive sentiment continued today following the news. Its market cap stands at $1.2 billion.
Nexo is a popular crypto lending platform that has been operational since 2018. It has processed over $320 billion in transactions.
It exited the US in 2022 due to regulatory pressure. The SEC and several states (New York, Kentucky, and Vermont) accused Nexo of offering unregistered securities through its Earn Interest products. The crypto lender later agreed to pay a $45 million fine and discontinued services for US customers.
Now, with a more favorable regulatory climate, Nexo’s return marks a pivotal shift. The platform now aims to reinforce its mission of empowering users to grow and preserve crypto wealth with secure, tailored solutions.
Under Trump’s leadership, US regulators appear more open to crypto innovation, potentially paving the way for other exiled platforms to return. Recently, crypto market maker DWF Labs also announced its entry into the US market.
In January, TON Foundation said it is preparing for a major expansion in the United States thanks to the changing crypto regulatory environment.
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