{"id":128104,"date":"2025-04-28T09:15:30","date_gmt":"2025-04-28T09:15:30","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128104"},"modified":"2025-04-28T09:15:30","modified_gmt":"2025-04-28T09:15:30","slug":"nexo-back-in-the-united-states-as-trump-jr-attends-exclusive-event","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128104","title":{"rendered":"Nexo back in the United States as Trump Jr. attends exclusive event"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCryptocurrency services platform Nexo announced that it is reentering the US market after facing previous regulatory challenges.<br \/>\nAccording to an April 28 announcement, Nexo\u2019s reentry event featured Donald Trump Jr., who said that he thinks \u201ccrypto is the future of finance,\u201d adding:<br \/>\n\u201cWe see the opportunity for the financial sector and want to ensure we bring that back to the US.\u201d<br \/>\nTrump Jr. also emphasized the need for a regulatory environment that supports the cryptocurrency industry. He said that \u201cthe key to everything crypto is going to be the regulatory framework.\u201d<br \/>\nSource: NexoRelated: Coinbase presses to axe rule banning SEC staff from holding crypto<br \/>\nNexo is back to fight where it lost<br \/>\nNexo left the US at the end of 2022, citing a lack of regulatory clarity as the reason behind the decision. At the beginning of 2023, the firm agreed to pay a $45 million settlement to the US Securities and Exchange Commission (SEC) over its failure to register the offer and sale of securities of its interest-earning product.<br \/>\nA month after settling with US regulators, Nexo also decided to shut down its interest-earning product to US-based customers. The product allowed users to earn daily compounding yields on certain cryptocurrencies by loaning them to Nexo.<br \/>\nIn late 2022, the California Department of Financial Protection and Innovation also filed a desist and refrain order against the same interest-earning product managed by Nexo. The regulator claimed that the product was an unqualified security, meaning a security that the government has not approved for sale in the form of an investment contract.<br \/>\nRelated: US crypto rules like &#8216;floor is lava&#8217; game without lights \u2014 Hester Peirce<br \/>\nUS SEC dances to a different tune now<br \/>\nThe US SEC, once viewed as the crypto industry\u2019s primary regulatory obstacle, recently appointed Paul Atkins as chair.<br \/>\nThe change was positively commented on by crypto entrepreneurs, with Michael Saylor, the CEO of top corporate Bitcoin holder Strategy (formerly MicroStrategy), saying:<br \/>\n\u201cSEC Chairman Paul Atkins will be good for Bitcoin.\u201d<br \/>\nJames Gernetzke, chief financial officer of Bitcoin and crypto wallet Exodus, said that \u201cthe promise of being able to engage with a regulator on a reasonable basis is going to be very helpful.\u201d<br \/>\nNexo declined to comment further on its return to the US market.<br \/>\nMagazine: Ripple says SEC lawsuit \u2018over,\u2019 Trump at DAS, and more: Hodler\u2019s Digest, March 16 \u2013 22<a href=\"https:\/\/cointelegraph.com\/news\/nexo-is-back-in-the-united-states-trump-jr-comments-on-the-event?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCryptocurrency services platform Nexo announced that it is reentering the US market after facing previous regulatory challenges. According to an April 28 announcement, Nexo\u2019s reentry event featured Donald&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128104"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128104"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128104\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128104"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}