The lender of Crypto Nexo said that he would return to the United States, marking a return two years after the regulatory friction forced its release.
“America is back, just like Nexo,” said co-founder Antoni Trenchev during a press event on Sunday in Bulgaria with Donald Trump Jr., crediting what he described as a more favorable environment for innovation under the presidency of Trump.
“Thanks to the vision and the leadership of President Donald J. Trump, his administration and his family, the United States is again a place where innovation is defended, not suffocated. A place where pioneers are celebrated,” Trenchev said, a press release.
Now managing $ 11 billion in assets, Nexo has said that it will offer its full range of services to American retail and institutional customers, including high -performance savings products, credit lines supported by advanced assets and trading solutions.
Nexo withdrew from the United States at the end of 2022 after what he called a “dead end” in negotiations with regulators of states and federal on his Earn interest product, as well as market disorders after the collapse of Crypto Exchange FTX and a broader repression of Crypto lenders, Coindesk reported at the time.
The company said in 2022 that it could no longer operate in an “impossible environment” as a result of several application measures, including California and New York.
