crypto.news
2025-04-28 07:57:08

Crypto lender Nexo returns to US two years after $45m settlement with SEC

Crypto lender Nexo is resuming operations in the United States, two years after settling a $45 million fine with the SEC. Cryptocurrency lending firm Nexo is re-entering operations in the United States , nearly two years after settling a $45 million fine with the U.S. Securities and Exchange Commission over its unregistered lending product. Nexo returns to the U.S. market. We are embracing renewed optimism and entrepreneurial momentum to deliver our full products to American clients in a supportive environment. 🧵 pic.twitter.com/WWF624Dr4f — Nexo (@Nexo) April 28, 2025 In an X announcement on Monday, Nexo revealed that retail and institutional clients in the U.S. will now have access to Nexo’s products, including “high-yield crypto savings accounts, asset-backed credit lines, advanced trading, and institutional-grade liquidity solutions.” Nexo’s return follows its settlement with the U.S. Securities and Exchange Commission in January 2023, after the Commission charged the company with failing to register its Earn Interest Product, a crypto lending offering marketed to U.S. investors. Nexo did not admit or deny wrongdoing in the settlement. You might also like: Exclusive: Nexo expands card to Switzerland, Andorra The company had faced additional legal challenges. In early 2024, Reuters reported that Nexo aimed to recover $3 billion tied to a stalled criminal investigation, which disrupted its plans for a U.S. stock market listing and a soccer sponsorship deal. Nexo representatives claimed the investigation damaged the company’s reputation and destroyed shareholder value. In January 2023, Nexo’s offices were raided by prosecutors who accused the platform of money laundering, tax crimes, and computer fraud between 2018 and January 2023. Nexo’s management denied all charges. In December 2023, the Bulgarian Prosecutor’s Office closed the criminal case, stating that investigators had found no evidence of money laundering, tax evasion, or other crimes. Read more: Bitcoin and Ethereum gaining traction for bullish 2025, Solana looks stagnant: Nexo

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.