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.

Crypto lender Nexo, which manages $11 billion in assets, is returning to the US market after a period of withdrawal in late 2022, co-founder Antoni Trenchev announced at an exclusive business event.

The platform’s return has become possible thanks to the changes in crypto industry regulations and the administration’s vision, which co-founder Antoni Trenchev highlighted in his speech.

“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. As such, I’m thrilled to announce that Nexo is returning to America — stronger, smarter, and determined to win,” Trenchev said.

The event was also attended by Donald Trump Jr., who expressed his thoughts on the importance of bringing crypto innovation back to the US.

“Crypto is the future of finance. We must bring this innovation back to American soil to maintain our economic leadership,” Trump Jr. said.

U.S. customers will once again have access to the full range of Nexo services, including:

* Crypto lending and borrowing

* Earn Interest products for various tokens

* A range of cryptocurrencies for trading via the platform’s proprietary technology

Over the past week, the network’s native token, NEXO, surged 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 around since 2018. It has processed over $320 billion in transactions.

Earlier this year, the crypto lender was forced to exit the U.S. following 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 said it would discontinue services for U.S. customers.

Now, with a more favorable regulatory climate and the Trump administration’s focus on economic growth, 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.

The administration has shown greater receptiveness to crypto, potentially paving the way for other exiled platforms to return. Recently, crypto market maker DWF Labs announced its entry into the U.S. market.

Earlier this year, TON Foundation said it is preparing for a major expansion in the United States thanks to the changing crypto regulatory environment. As part of its plans, the blockchain network aims to increase its headcount in the U.S. and expand its operations.