Nexo Capital, a cryptocurrency services company, has announced its intention to reenter the U.S. market, signaling a remarkable comeback two years post-resolution of regulatory issues that resulted in a $45 million settlement.
This announcement was made at a high-profile event in Sofia, Bulgaria, over the weekend, which featured Donald Trump Jr. as the keynote speaker, as reported by Reuters.
The conference, named “Trump Business Vision 2025,” was hosted by Nexo and gathered influential figures from the finance and technology sectors to discuss emerging global market trends.
Nexo Plans U.S. Reentry in Coming Months
He mentioned that discussions with regulators, including the U.S. Securities and Exchange Commission (SEC), are ongoing and have been described as “constructive,” although further details have not been revealed.
“We see the opportunity for the financial sector and want to ensure we bring that back to the U.S.,” stated Donald Trump Jr.
Trenchev made it clear that Trump Jr. is not directly involved in guiding Nexo through its regulatory challenges, but rather is advocating for broader cryptocurrency adoption in the country.
“He’s spreading the message that crypto is important to the United States and setting the stage,” Trenchev elaborated.
Following regulatory disputes over its crypto lending products, which resulted in a significant settlement in early 2023, Nexo had exited the U.S. market, operating out of the Cayman Islands at that time.
Our historic re-entry was unveiled at an exclusive event with Donald Trump Jr., Gila Gamliel, Israel’s Minister of Innovation, Science, and Technology, and Antoni Trenchev, Co-Founder of Nexo.
— Nexo (@Nexo) April 28, 2025
The timing of the company’s return aligns with a marked shift in Washington’s approach to digital assets under President Trump’s administration.
Since taking office, President Trump has fostered a more favorable regulatory climate for cryptocurrencies, halting SEC lawsuits against crypto businesses and relaxing banking regulations regarding digital assets.
The Trump family is also increasing its involvement in the cryptocurrency sector through World Liberty Financial, where Trump Jr. acts as an ambassador.
Trenchev described a “tectonic shift” in U.S. crypto policy, indicating that significant advancements are being made to establish the country as a center for digital finance.
The Nexo event in Sofia attracted attention not only for its high-profile speakers but also for its illustration of the growing synergy between U.S. business initiatives and global capital.
Nexo provides a variety of cryptocurrency services, such as trading, crypto-backed loans, and exchange platforms, and is poised to leverage the changing landscape of the U.S. market.
Crypto-Friendly Paul Atkins Takes SEC Chair
In related news, Paul Atkins was recently sworn in as Chairman of the SEC, marking a leadership transition that many in the digital asset community view positively.
Since Atkins took over, the SEC has begun to withdraw or postpone several significant cases against cryptocurrency firms.
Earlier this year, the agency dismissed lawsuits against Coinbase and Cumberland DRW, while it concluded a separate investigation into Uniswap Labs without taking enforcement action in February.
Most recently, the SEC wrapped up its inquiry into CyberKongz, a notable Ethereum-based NFT and gaming project, with no legal actions forthcoming.
Additionally, the SEC has decided not to pursue further legal steps against Richard Schueler, also known as Richard Heart, the creator of Hex, PulseChain, and PulseX.
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