Nexo Re-enters US Market Amid Regulatory Shift Under Trump Influence
Nexo, a digital assets wealth management platform with over $11 billion in assets under management, has returned to the US market. The firm attributes its re-entry to a shift in regulatory approach, now favoring innovation under the Trump administration.
Co-founder Antoni Trenchev praised the regulatory environment, stating, "Thanks to the vision and leadership of President Donald J. Trump, his administration, and his family, the United States is once again a place where innovation is championed, not stifled." Nexo exited the US in 2023 amid regulatory challenges and crypto sector turmoil.