Cryptocurrency services platform Nexo announced that it is reentering the US market after facing previous regulatory challenges.
According to an April 28 announcement, Nexo’s reentry event featured Donald Trump Jr., who said that he thinks “crypto is the future of finance,” adding:
“We see the opportunity for the financial sector and want to ensure we bring that back to the US.”
Trump Jr. also emphasized the need for a regulatory environment that supports the cryptocurrency industry. He said that “the key to everything crypto is going to be the regulatory framework.”
Source: Nexo
Related: Coinbase presses to axe rule banning SEC staff from holding crypto
Nexo is back to fight where it lost
Nexo left the US at the end of 2022, citing a lack of regulatory clarity as the reason behind the decision. At the beginning of 2023, the firm