According to a report by The Block on April 28, the crypto assets lending platform Nexo announced its return to the U.S. market, having previously exited the U.S. in 2022 due to regulatory issues. Nexo plans to reintroduce core products such as crypto assets savings accounts and asset-backed loans, targeting retail and institutional clients. The company faced regulatory scrutiny for not registering its Earn product and paid a $45 million settlement in January 2023. This return comes amid the Trump administration's indication of reducing hostility towards crypto assets regulation, including the withdrawal of some SEC investigations.