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Crypto lender Nexo says it’s planning to reopen operations in the United States as the country has become more welcoming of digital assets.
In a new thread on the social media platform X, Nexo says it will resume services for American customers after shutting them down about two years ago when running afoul of US regulators.
“Nexo returns to the US market. We are embracing renewed optimism and entrepreneurial momentum to deliver our full products to American clients in a supportive environment.”
No official date was given.
The announcement comes after the company ceased operations and paid a $45 million fine in 2023 to the U.S. Securities and Exchange Commission (SEC) after being accused of running an unregistered crypto asset lending product, the Earn Interest Product (EIP).
Reuters reports that Nexo unveiled the plan while hosting the eldest son of US President Donald Trump at a crypto conference in Bulgaria during an event headlined “Trump Business Vision 2025.”
Nexo co-founder Antoni Trenchev tells the news outlet that the crypto firm plans to return to the US “in the coming months” and is having “constructive” conversations with the SEC and other US regulators.
Trenchev says that Trump Jr. is not helping the company return to the US but is “spreading the message that crypto is important to the United States and setting the stage.”
President Trump’s administration has taken several steps to embrace digital assets, including signing an executive order to create a strategic Bitcoin (BTC) and crypto reserve.
