Digital asset wealth platform, Nexo is set to return to the US market nearly three years after it announeced its exit in December 2022. The digital asset firm confirmed the development in a blog post released on Monday.
It is worth noting that the news about the historic return was first announced by Nexo co-founder, Antoni Trenchev during an exclusive business event. As revealed, the event also featured a keynote address from Donald Trump Jr, the executive vice president of the Trump Organization, and Gila Gamliel, Israel’s prime minister for innovation, science, and technology.
Trenchev, in his address, appreciated the efforts, vision, and leadership of the US president, Donald J. Trump, his administration, and his family for once again making America a great place for championing innovations. He added that the digital asset firm is returning with a fuller force- stronger, smarter, and determined to win.
During the event, Donald Trump Jr. emphasized the significant roles that cryptocurrencies and digital assets play in the U.S. economy. He added that these roles strengthen economic leadership and also ensure that America remains at the forefront of technological advancement.
Trump Jr. also shared his thoughts on how crypto is the future of finance. He added that the administration recognizes the opportunity to revitalize the financial sector in the US and want to ensure that this opportunity is utilized. He also called for a regulatory framework that encourages innovation among entrepreneurs while also securing the nation’s competitiveness in the digital economy.
Gila Gamliel also added that technology eliminates geographical and cultural barriers in this modern world. The minister also emphasized the importance of technology in attaining success, stating that Israel is working tirelessly to build strong connections that unite countries, industries, and scientists.
Nexo exits US market
The digital asset firm first announced its decision to exit the United States market on December 5, 2022. According to the firm, it arrived at this decision after 18 months of good-faith dialogue with US state and federal regulators which came to a dead end.
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