Crypto.com storms Washington D.C. — exchange’s U.S. expansion goes full throttle

Crypto’s latest power play: planting its flag in the political swamp of D.C. as part of a calculated North American land grab.

Why it matters: The exchange isn’t just chasing regulatory approval—it’s betting big on institutional money waking up to crypto (finally).

The cynical take: Nothing makes TradFi players adopt blockchain faster than seeing their lobbyists get outmaneuvered by a Singapore-based upstart.

Crypto.com has announced the establishment of a new North America regional office in Washington D.C., strategically located downtown NEAR the White House, the cryptocurrency platform said in a statement on Wednesday.

"The U.S. market is central to the growth strategy of Crypto.com and the most exciting frontier for our entire industry," stated Matt David, president of North America and chief corporate affairs officer at Crypto.com.

He further emphasized the significance of the current regulatory landscape, noting, "With a maturing regulatory environment under the current Administration and key members of Congress’ leadership, building out our presence and workforce in the nation’s capital will support our collective efforts in responsibly advancing our business and the sector."

The Washington D.C. office will primarily focus on public and government affairs work related to Crypto.com’s U.S. operations. The initial staffing will involve existing roles, with plans for future recruitment to expand the team in the capital. This new location joins Crypto.com’s North America headquarters, established in Tyler, Texas in 2024, further solidifying the company’s footprint in the region.

Founded in 2016, Crypto.com boasts a global user base of over 100 million and positions itself as an industry leader in regulatory compliance, security, and privacy. The company’s stated mission is "Cryptocurrency in Every Wallet," and it aims to accelerate the adoption of digital assets through innovation and by empowering the next generation of builders and entrepreneurs within the digital ecosystem.

Earlier this year, Crypto.com received a full Markets in Crypto Assets (MiCA) license to operate within the EU. Crypto.com is now able to offer its extensive range of crypto services across the EEA under a streamlined and strengthened framework, enhancing transparency within the sector.