8 major crypto firms announce US expansion this year
Crypto services platform Nexo announced its plans to reenter the U.S. market, becoming the eighth major crypto firm to do so this year amid favorable regulatory prospects. Firms including Circle, Binance, and OKX are optimistic about regulatory clarity paving the way for their expansions. Recent legislative developments, such as the STABLE Act and the GENIUS Act, are seen as conducive to their success. Nexo's return comes after a previous impasse with regulators, highlighting President Trump's more welcoming stance towards the crypto industry. Binance.US resumed USD services after settling a $2.7 billion lawsuit, while OKX announced its relaunch in the U.S. after a $500 million settlement with the DOJ. Circle is moving its headquarters to New York City in conjunction with an IPO. Crypto.com is set to introduce stock and ETF trading, signaling a trend of integrating crypto with traditional finance. Overall, the resurgence of these firms indicates a renewed investment confidence in the U.S. crypto market as regulations evolve.
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