The cryptographic lender Nexo said he is re -entering the United States, marking a return two years after regulatory friction forced his departure.
“The United States has returned and is also a link,” said co -founder Antoni Trechev in a press event on Sunday in Bulgaria with Donald Trump Jr., accrediting what he described as a more favorable environment for innovation under the presidency of Trump.
“Thanks to the vision and leadership of President Donald J. Trump, his administration and his family, the United States is once again a place where innovation is defended, not suffocated. A place where the pioneers are held,” said Trechev, according to a press release.
Now that it manages $ 11 billion in assets, Nexo said it will offer its complete set of retail and institutional customers of the United States, including high -performance savings products, credit lines backed by assets and advanced commercial solutions.
Nexo retired from the United States at the end of 2022 after what he called a “dead end” in negotiations with state and federal regulators about their product of gain interest, as well as the agitation of the market after the collapse of the FTX cryptographic exchange and a broader offensive against cryptographic lenders, Coindesk reported at the time.
The company said in 2022 that it could no longer operate in an “impossible environment” after multiple application actions, including California and New York.
