Nexo Returns to US Market Amid Trump-Era Regulatory Shift

Crypto lender Nexo, which manages $11 billion in assets, has announced its return to the US market following a regulatory exit in late 2022. This move comes as a result of changes in crypto industry regulations under the Donald Trump administration. The announcement was made by Nexo co-founder Antoni Trenchev during an exclusive business event attended by Donald Trump Jr., a vocal supporter of the crypto industry. The event highlighted the growing political support for digital assets in the US.

Trenchev emphasized the significance of the regulatory shift, stating, “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.” Donald Trump Jr. echoed this sentiment, asserting, “Crypto is the future of finance. We must bring this innovation back to American soil to maintain our economic leadership.”

With this return, US users will regain access to all Nexo services, including high-yield crypto savings accounts, asset-backed credit lines, advanced trading, and institutional-grade liquidity solutions. The platform, which has been operational since 2018 and has processed over $320 billion in transactions, exited the US in 2022 due to regulatory pressure. The SEC and several states 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 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.