Lender Nexo Reenters U.S. Market as Regulatory Climate Warms
In a notable turn for the digital finance sector, crypto lender Nexo has announced its return to the U.S. market, two years after regulatory scrutiny forced its exit. The move reflects a broader shift in the regulatory landscape that may signal renewed opportunity for blockchain-based financial services across the country.
Founded in 2018, Nexo manages over $11 billion in assets and has facilitated more than $320 billion in transactions globally. The company temporarily withdrew from the U.S. in 2022 after the Securities and Exchange Commission (SEC) and several state regulators accused it of offering unregistered securities through its Earn Interest product. Nexo ultimately paid a $45 million settlement and halted its U.S. operations.
Now, amid what appears to be a more crypto-friendly atmosphere under Donald Trump’s influence, Nexo is reopening its services to American users. These include high-yield crypto savings accounts, asset-backed credit lines, advanced trading features, and institutional-grade liquidity solutions.
Political Support for Crypto Gains Momentum
Nexo's co-founder, Antoni Trenchev, made the announcement during a private event attended by Donald Trump Jr., an outspoken advocate for the cryptocurrency industry. Trenchev credited the Trump administration for creating a more accommodating regulatory environment.
“America is back — and so is Nexo. Thanks to the vision and leadership of President Donald J. Trump, the United States is once again a place where innovation is championed,” Trenchev said.
Echoing that sentiment, Trump Jr. emphasized that “Crypto is the future of finance,” calling for a renewed effort to keep digital asset innovation within U.S. borders.
Market Reaction and Industry Context
The market welcomed the announcement, with NEXO, the platform’s native token, rising over 12% in the past week. Its current market capitalization is approximately $1.2 billion.
Nexo’s return follows other crypto firms showing renewed interest in the U.S. amid evolving regulation. Notably, DWF Labs, a crypto market maker, recently announced its entry into the U.S., and the TON Foundation has also signaled expansion plans stateside.
While the full impact of Nexo’s return will unfold over time, the move could serve as a bellwether for other digital finance platforms previously discouraged by regulatory ambiguity.