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Crypto Lender Nexo Returns To US Market After Three-Year Hiatus And $45 Million Fine

Crypto lender Nexo has officially returned to the US market after a three-year hiatus and a $45 million settlement with the SEC. The company withdrew in 2023 following charges related to an unregistered crypto lending product. Its relaunch features a new compliance-focused structure, including partnerships with regulated entities like Bakkt to offer investment products, yield programs, and crypto-backed credit lines within a US regulatory framework. Nexo denied that its return is connected to past interactions with the Trump family, stating the decision was based solely on its ability to operate compliantly.

bitcoinist02/17 10:02