Cryptocurrency Lending Service Nexo Reboots in the U.S., Fueled by "Revitalized Enthusiasm and Business Spirit"
Rewritten Article:
Title: Nexo Makes a Comeback: Crypto Lender Ventures Back into the US Market
Sneak Peek: Crypto lender Nexo is ready to set foot in the US once more, as the country warms up to digital assets. In a bold move, Nexo plans to reopen its services to American customers, following a two-year hiatus due to regulatory squabbles.
Crypto Lending Giant Nexo Stages a US Market Comeback
Here's some exciting crypto-related news — lending platform Nexo is gearing up for a return to the US market. After a hiatus of about two years, the company is eager to resume services for their American customers in a more welcoming regulatory landscape.
"Nexo lights up the US crypto market. We're embracing optimism and business enthusiasm to deliver our full roster of services to American clients in a supportive environment."
Although no precise re-launch date has been revealed as yet, the announcement signals a progressive shift in the US crypto landscape. The decision is rooted in optimism, as Nexo sees a shift in regulatory attitudes fostering digital assets.
The reappearance comes following a significant setback for Nexo. In 2023, the company was forced to close shop and pay a $45 million penalty to the US Securities and Exchange Commission (SEC) for offering an unregistered crypto asset lending product, the Earn Interest Product (EIP)[4][5].
Behind the Scenes: Nexo disclosed its intentions at a crypto conference in Bulgaria, during which Donald Trump Jr. was present as a guest speaker for "Trump Business Vision 2025." Reuters reports that Nexo has scheduled talks with the SEC and other US regulators to facilitate its comeback, hoping to restart operations "in the coming months"[3][4]. Trump Jr.'s participation, however, is merely to spread awareness about the importance of cryptocurrencies in the US, while positioning the industry for the future.
President Trump's Crypto-Friendly Policies Set the Stage
Donald Trump's administration has pursued a proactive approach towards digital assets, offering several measures to embrace cryptocurrencies. Perhaps the most notable is the creation of a strategic Bitcoin and crypto reserve, demonstrating the administration's commitment to digital currencies[1][2].
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Enrichment Data:
- As of April 2025, President Trump's administration has shown strong support for digital currencies, including Bitcoin, by signing an executive order establishing a strategic Bitcoin and crypto reserve, demonstrating a continued commitment to digital assets.
- In December 2022, Nexo temporarily ceased operations in the US due to regulatory challenges, mainly related to its unregistered Earn Interest Product (EIP).
- Nexo's comeback to the US market is based on optimism and a supportive regulatory environment for digital assets, which the company believes has evolved in recent times.
- In 2023, Nexo paid a $45 million fine to the US Securities and Exchange Commission (SEC) for operating an unregistered crypto asset lending product, the Earn Interest Product (EIP).
- Nexo has revealed plans to offer a comprehensive range of services to both retail and institutional clients, including high-yield crypto savings accounts, asset-backed credit lines, trading, and liquidity solutions, upon its re-entry into the US market.
- Nexo, the cryptocurrency lending giant, is planning to reenter the US market after a two-year hiatus, signaling a positive shift in the American crypto landscape.
- The company's comeback is rooted in optimism about the improving regulatory environment for digital assets in the US.
- Apart from Nexo, other services like altcoins, Ethereum, and crypto trading could also benefit from these optimistic regulatory changes.
- Following a significant setback in 2023 when the company was forced to pay a $45 million penalty to the SEC, Nexo is now scheduling talks with the SEC and other US regulators to resume operations in the coming months.
- With the supportive regulatory environment, Nexo aims to offer a full range of services, including high-yield crypto savings accounts, asset-backed credit lines, trading, and liquidity solutions, to both retail and institutional clients in the US.