Cryptocurrency services platform Nexo has made a significant announcement regarding its reentry into the US market after overcoming previous regulatory challenges. The event marking Nexo’s return featured Donald Trump Jr., who expressed his belief that “crypto is the future of finance” and emphasized the importance of a supportive regulatory environment for the industry. Nexo had previously exited the US market at the end of 2022 due to regulatory uncertainty, leading to a $45 million settlement with the US Securities and Exchange Commission (SEC) over the sale of unregistered securities related to its interest-earning product. Following the settlement, Nexo ceased its interest-earning product for US customers. The California Department of Financial Protection and Innovation also issued a cease and desist order against the same product. The recent appointment of Paul Atkins as chair of the SEC has been viewed positively by crypto entrepreneurs, signaling a potential shift in regulatory attitudes towards the industry. Nexo has not provided further comments on its reentry into the US market at this time. For more insights and updates on the cryptocurrency industry, follow our magazine.