The Daily Hodl 2025-04-29 18:45:49

Crypto Lending Platform Nexo Returns to US Market on ‘Renewed Optimism and Entrepreneurial Momentum’

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. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Lending Platform Nexo Returns to US Market on ‘Renewed Optimism and Entrepreneurial Momentum’ appeared first on The Daily Hodl .