Crypto firms are starting to make their way back to the US, as their leaders are noticing a friendlier regulatory environment and a shift towards growth within the country.
On Thursday, during a speech at the American First Policy Institute, SEC Chairman Paul Atkins emphasized the need to attract crypto businesses back to the US. He supported President Donald Trump’s efforts to establish the nation as a key player in the digital asset space.
Treasury Secretary Scott Bescent stated that the US has entered a “golden age of Crypto,” directly inviting builders to engage in the market.
With clearer regulations and strong political backing, crypto companies are responding positively. Notably, firms like Kraken and MoonPay are expanding their domestic operations as policies change.
Global Crypto Firms Returning to the US
The favorable rhetoric, along with concrete regulations under the Trump administration, is enticing global crypto companies to return to and grow in the US. For example, Bulgaria-based Nexo has re-entered the US market after a few years, attributing its comeback to improved regulatory clarity and a more constructive approach from federal agencies.
In early May, Delibit, a derivative exchange from the Netherlands, was exploring entry into the US market. Meanwhile, the London-based firm Wintermute opened an office in New York that same month.
In June, OKX, a Seychelles-registered exchange, resumed operations in the US, establishing a new headquarters in San Jose, California, following a $500 million settlement with US regulators alongside a renewed focus on domestic expansion.
Later in July, Bitmain, a mining company from Beijing, announced intentions to set up its first US-based ASIC production facility by early 2026 and plans for a new headquarters in Texas or Florida by the end of the third quarter.
Since mid-June, firms like Bitmain, Canaan, and Microbt, which hold a significant share of the global Bitcoin ASIC market, have all been shifting operations to the US.
US Firms Expanding at Home
US companies like Kraken and MoonPay are also increasing their domestic presence.
In June, Kraken relocated its global headquarters to Cheyenne, Wyoming, citing the state’s supportive stance on crypto.
Meanwhile, MoonPay, which originally operated from Miami, moved its headquarters to New York City in April and secured licenses to operate across all 50 states by June.
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