“8 Major Crypto Firms Make Waves in US Expansion Amid Regulatory Changes – Trump Family Involvement Raises Eyebrows”

Crypto services platform Nexo announced its plans to reenter the United States market, becoming the eighth major crypto firm to do so since US President Donald Trump took office this year. Companies like Circle, Binance, and OKX are looking to expand in the US due to anticipated favorable regulatory clarity in 2025. Bills such as the STABLE Act and the GENIUS Act are progressing in Congress, paving the way for a successful expansion. Notably, Trump and his family are involved in some of these expansion plans, with Nexo’s recent announcement being supported by Donald Trump Jr. However, concerns about conflicts of interest and token shilling by the Trump family remain. Binance.US has resumed USD services after settling for $2.7 billion due to enforcement actions by the Commodity Futures Trading Commission and the Securities and Exchange Commission. Meanwhile, eToro has filed for a US IPO after facing enforcement actions in 2024. OKX has relaunched in the US following a $500-million settlement with the Department of Justice. Additionally, Nexo has returned to the US market after facing regulatory challenges, and Circle has relocated to NYC ahead of its IPO. Crypto.com is introducing stock and ETF trading in the US, while a16z is closing its UK branch to focus on operations in the US. Coinbase has acquired Deribit for $2.9 billion to strengthen its position in the derivatives market. These developments mark a significant trend in the US crypto industry, aligning with the evolving regulatory landscape and growing investor confidence in cryptocurrency platforms.

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