At an April 28 event in Sofia, Nexo co-founder Antoni Trenchev declared, “America is back — and so is Nexo.”
The lender will again offer credit lines, savings vaults and spot trading after a two-year regulatory frost.
Donald Trump Jr. applauded the move, saying, “We see the opportunity for the financial sector and want to ensure we bring that back to the US.”
Why the Regulatory Weather Suddenly Looks Sunnier
Congress is fast-tracking the STABLE Act and GENIUS Act, which together clarify custody rules and token classifications.
Market observers say the bills could pass by August, removing the ambiguity that chased several platforms offshore.
The Magnificent Eight and Their Blueprints
- Binance.US restored dollar rails within weeks of paying a combined $4.3 billion to settle legacy cases.
- Circle is relocating its headquarters to One World Trade Center as it preps a New York IPO.
- OKX is rolling out a phased relaunch from a new San Jose base after a $500 million DOJ deal.
- eToro filed for a Nasdaq listing, targeting a $4 billion valuation while trimming its token menu to appease the SEC.
- Crypto.com will introduce stock and ETF trading, marrying CeFi features with TradFi convenience.
- Andreessen Horowitz (a16z) shuttered its London outpost and is rebuilding stateside to tap deeper venture pipelines.
- Coinbase scooped up derivatives venue Deribit for $2.9 billion, cementing a beachhead in perpetuals.
- Nexo rounds out the list with its comeback tour.
Compliance Is Still Costly but Calculable
Binance.US remains under multi-agency monitoring, and OKX agreed to pay for an external compliance consultant.
Yet executives argue those outlays pale next to the prize of unfettered access to U.S. liquidity.
Competitive Stakes for the Next Bull Cycle
Circle wants USDC to dominate on-chain dollars, while Coinbase eyes the crown in crypto derivatives.
Nexo believes yield products will lure users as rates on treasuries drift lower.
Each firm hopes to cement brand loyalty before spot-crypto ETFs broaden retail participation even further.
Bottom Line
After years of regulatory whiplash, the United States is again the battlefield of choice for crypto titans.
If lawmakers deliver the promised clarity, 2025 could witness the industry’s most intense market-share war yet.