Crypto lender Nexo has announced its return to the U.S. market after previously withdrawing due to regulatory challenges. Co-founder Antoni Trenchev attributed this comeback to the more favorable environment established by the Trump administration for innovation. Nexo plans to offer its full suite of services, including high-yield savings products and asset-backed credit lines, to both retail and institutional clients in the U.S. Trenchev emphasized that the U.S. is once again a place that champions innovation instead of stifling it. Nexo, which manages over $11 billion in assets, initially exited the U.S. market in late 2022 after negotiations with regulators reached a standstill, labeling the environment as impossible for crypto businesses. The company aims to expand as it pivots into a comprehensive digital assets wealth platform, emphasizing flexibility and compliance in its updated services.

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