Nexo and other firms see positive momentum for cryptocurrency building in the US
Cryptocurrency firms are making a return to the US, encouraged by a shift in the regulatory environment and the political tone from Washington. Nexo became the latest to reenter the market, joining seven other companies that have announced US expansion plans since President Trump took office. The move reflects renewed confidence among crypto businesses that the current administration is more open to digital assets and willing to create a clearer framework for growth.
Nexo’s comeback follows its exit in 2022, when negotiations with regulators stalled. The platform now plans to offer credit lines, savings products, and trading tools to US customers. Donald Trump Jr. voiced support for the company’s return, pointing to the broader potential of financial innovation under the new administration.
Other companies are taking similar steps. Binance.US resumed dollar deposit and withdrawal services, just months after a series of legal battles with US agencies resulted in multibillion-dollar settlements and the resignation of its CEO. OKX is also returning, rolling out operations in phases after agreeing to a $500-million fine and updating its compliance program.
The regulatory atmosphere has become more defined in recent months. Bills like the STABLE Act and the GENIUS Act are moving through Congress, which could offer the legal clarity that many crypto firms have sought for years. Circle has relocated its headquarters to New York ahead of its planned IPO, while Crypto.com is adding stock and ETF trading to its US services.
Andreessen Horowitz, one of the most active investors in crypto, is shutting down its UK presence to focus on the US market again. The firm had initially moved overseas during the Biden administration but now sees greater momentum at home.
Coinbase has also moved aggressively, acquiring Deribit in a multibillion-dollar deal aimed at dominating the crypto derivatives market. These moves show that major players see the US as ready for a new chapter in digital finance.
