Nexo Capital has officially revealed plans to reenter the U.S. market, a move that underscores the shifting dynamics in Washington’s approach to cryptocurrency regulation. The announcement came during a major business summit hosted in Sofia, Bulgaria, on Sunday, where Donald Trump Jr. served as the keynote speaker, according to Reuters.
After $45M Settlement, Nexo Eyes U.S. Reboot
Nexo co-founder Antoni Trenchev confirmed that the firm is holding ongoing discussions with U.S. regulators to facilitate its return. While details are still under wraps, Trenchev described the conversations as “constructive” and credited the Trump administration’s crypto-friendly posture as a major factor encouraging Nexo’s renewed U.S. ambitions.
Though Trump Jr. is not directly involved with Nexo’s regulatory efforts, he used his speech to emphasize the importance of blockchain innovation to America’s future economic competitiveness. Trenchev noted that Trump Jr. is helping to “set the stage” for a broader conversation about crypto’s role in American finance.
Regulatory Environment Under Trump Spurs Industry Optimism
The broader crypto industry has seen a shift since Paul Atkins assumed the SEC chairmanship. Several cases that once weighed heavily on the industry — including lawsuits against Coinbase, Uniswap Labs, and Cumberland DRW — have either been closed or dropped without enforcement action.
Nexo’s planned return coincides with this regulatory thaw and is seen as part of a broader resurgence in institutional interest. The company, based in the Cayman Islands, had withdrawn from the U.S. in early 2023 after a series of legal battles, paying $45 million in settlements related to its crypto lending services.
Crypto-Driven Capital Strategies Take Center Stage
The Sofia event highlighted not only Nexo’s strategy but a broader convergence between U.S. political figures and global crypto innovation leaders. Figures like Israel’s Minister of Innovation Gila Gamliel attended, signaling growing international momentum behind blockchain technologies.
Additionally, Trump Jr.’s involvement with World Liberty Financial and his promotion of crypto adoption suggests that digital finance could increasingly become a key theme in U.S. economic policy discussions moving forward.
As Nexo prepares to reenter the American market, it will do so in a far more favorable regulatory environment than it faced two years ago — a development that could serve as a turning point for the broader industry.
