Crypto lending platform Nexo, managing assets worth $11 billion, has announced its comeback to the US market following its regulatory departure in late 2022. The return was made feasible by modifications in crypto industry regulations during the Donald Trump administration.

Nexo's resurgence in the American market is considered significant. Co-founder Antoni Trenchev revealed this development at an exclusive business event attended by avid crypto advocate Donald Trump Jr. This event highlighted the increasing political endorsement for digital assets in the US.

Trenchev credited the vision and governance of President Donald J. Trump, his administration, and family for Nexo's return, expressing determination to the venture's success. Donald Trump Jr. echoed this sentiment, emphasizing the importance of bringing crypto innovation back to the USA to uphold its economic superiority.

Nexo users in the US will once again have access to a range of services, including high-yield crypto savings accounts, asset-backed credit lines, advanced trading, and institutional-grade liquidity solutions. The news of Nexo's return prompted a surge in its native token, NEXO, by more than 12%, with a market cap of $1.2 billion.

Established in 2018, Nexo has facilitated over $320 billion in transactions and withdrew from the US in 2022 due to regulatory constraints. With the regulatory environment now more conducive, Nexo is making a significant comeback, aiming to empower users to enhance and safeguard their crypto assets with secure tailored solutions.

Under Trump's administration, US regulators appear more accepting of crypto innovation, potentially encouraging other platforms that exited to consider re-entering the market. DWF Labs and TON Foundation have already expressed intentions to explore business opportunities in the US due to welcoming regulatory changes in the crypto sector.