Cryptocurrency services platform Nexo announced its reentry into the US market after overcoming regulatory hurdles. At an event on April 28, Donald Trump Jr. expressed support for Nexo, stating that crypto represents the future of finance. He emphasized the importance of establishing a regulatory framework that supports the industry. Nexo had left the US in late 2022 due to regulatory issues linked to its interest-earning product, which was deemed an unqualified security by the California Department of Financial Protection and Innovation. After settling with the SEC at the beginning of 2023, Nexo paused operations for US customers. Recent changes in SEC leadership have suggested a more favorable regulatory environment for cryptocurrencies, with industry leaders speaking positively about the new direction. Nexo has not provided further comment on its US reentry yet.

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