Crypto Lender Nexo Returns to U.S. Citing Crypto-Friendly Trump Policies

Crypto -money shooter Nexo has returned to the American market after departure in 2022 due to friction.

The step to work on the American market comes again when the Trump administration ensures a more favorable environment, says Nexo co-founder Antoni Trenchev.

NEXO has said it manages more than $ 11 billion in assets and plans to offer its entire range of services to American retail and institutional customers as part of the return. These include high -interest savings products, credit lines supported by assets and advanced trade solutions.

Trenchev, who together with Donald Trump Jr. – The son of the president – spoke during a Bulgarian press event on Sunday, said: “Thanks to the vision and leadership of President Donald J. Trump, his administration and his family, the United States is again a place where innovation is defended. A place where pioneers are celebrated.”

Nexo originally withdrew from the US in the second half of 2022 after it failed in negotiations with national and federal supervisors about its interest product. This was also at a time when Crypto Exchange FTX had just collapsed and a performance against Crypto lenders were reportedly in force.

After various enforcement actions, Nexo withdrew from the US in both New York and California and said it was an “impossible environment” to operate in and that attempts to negotiate led to a “dead end”.

The details about exactly what the Trump administration has changed to make it more hospitable, are less clear. Trenchev said at the event: “America is back and that also applies to Nexo.”

Nexo underwent a large rebrand, as reported in October 2024, because it moved from a crypto money shooter to “the first extensive and conforming digital assets -capital platform”.

“Our philosophy ‘wealth Vooruit’ positions us as the first major crypto company that makes a strategic switch to an extensive platform for power power. We focus on offering independent, smart investors of smarter and more flexible ways to get their wealth in the digital assets room,” said Kostervev.

Published by Stacy Elliott.

Note of the editors: This story was updated after publication to clarify that Donald Trump Jr. At the Nexo event, not President Donald Trump appeared.