Nexo Taps Bakkt For US Return Three Years After SEC Settlement Over Lending Product

Nexo announced on Monday that it had become the latest crypto firm to return to the U.S. following what critics called a regulatory assault under the SEC’s previous leadership. In a press release, the company that once positioned itself as a crypto lender said that it was “relaunching its flagship Yield, Exchange Loyalty, and Credit Lines” in the U.S., following a $45 million settlement with the SEC in 2023, then helmed by former Chair Gary Gensler. Using digital asset trading infrastructure provided by Ba ...