Nexo back in the United States as Trump Jr. attends exclusive event
Nexo is reentering the US market after previously exiting due to regulatory challenges. The announcement featured Donald Trump Jr., who advocated for a supportive regulatory environment for cryptocurrency, emphasizing its potential in the financial sector. Nexo left the US in late 2022, citing regulatory uncertainty, and paid a $45 million settlement to the SEC for failing to register its interest-earning product. This product was subsequently shut down for US customers after being deemed an unqualified security by California regulators. The SEC has seen leadership changes, with Paul Atkins appointed as chair, leading to optimism among crypto entrepreneurs about future regulatory engagement. Nexo has not provided additional comments regarding its market return.
