- Nexo reenters the U.S. market after a $45 million SEC settlement and three-year regulatory exit.
- U.S. return of regulated crypto lending could set industry standards and increase mainstream investor trust.
Crypto firm Nexo has resumed operations in the U.S. market after a three-year absence triggered by regulatory action, Reuters revealed. In 2023, the company paid a $45 million penalty to settle charges from the U.S Securities and Exchange Commission (SEC).
SEC had alleged that Nexo’s crypto lending product should have been registered as a security. While Nexo did not admit or deny the findings, the company discontinued its products for U.S investors as required under the 2023 settlement.
The company is now expected to partner with publicly listed crypto firm Bakkt to offer crypto-backed loans and yield-generating products in the United States.
“The current U.S. offering is structured differently and is delivered through appropriately licensed U.S. partners, including, where applicable, an SEC-registered investment adviser for advisory services, ” Nexo’s spokesperson shared.
Nexo’s return follows contacts between co-founder Antoni Trenchev and President Donald Trump, including meetings and sponsored events. However, the Nexo spokesperson said the company’s U.S. relaunch is solely based on regulatory compliance.
He emphasized that this move is not linked to interactions with Trump’s family, despite the debate over potential conflict of interest in U.S crypto policy.
See Return: Nexo Returns To The U.S. With $11B In Assets After Regulatory Exit
What Nexo’s Return Means For U.S. Crypto Investors
With Nexo’s return to the U.S market, crypto investors could explore regulated avenues for crypto-backed lending and yield products. According to market observers, Nexo could set a positive precedent for other platforms, showing that innovative crypto-finance services can operate within a well-defined regulatory perimeter.
The development is closely watched as a benchmark for responsible growth in U.S crypto finance.
