US Regulators’ Pro-Crypto Stance Attracts Global Businesses
High-ranking officials in the US government have been promoting a more favorable regulatory climate for the cryptocurrency industry, sparking a resurgence of interest among global businesses. Key players such as Secretary of the Treasury Scott Bessent and Securities and Exchange Commission (SEC) Chair Paul Atkins have publicly encouraged companies to establish operations within the country.
In a speech delivered at the America First Policy Institute on Thursday, SEC Chair Paul Atkins called for "reshoring" the crypto businesses that had fled the US. This gesture aligns with President Donald Trump’s administration’s efforts to reposition the nation as a global hub for digital assets. The administration believes that its policies have created an environment conducive to innovation and growth within the crypto industry.
Treasury Secretary Scott Bessent shared his own perspective on this development, noting that the US has entered the "golden age of crypto." He issued a direct appeal to builders: "Start your companies here. Launch your protocols here. And hire your workers here." This enthusiasm for crypto business is matched by regulatory clarity and support from high-level government officials.
Companies Start Bringing Crypto Operations Back to the US
The combination of pro-crypto rhetoric, concrete legislation, and clearer regulatory guidance under the Trump administration has started to yield tangible results. A range of international companies are now expanding their presence in the US or returning after a period of absence. The reasons for this shift include improved regulatory clarity and an overall more welcoming stance from federal agencies.
In early April, Bulgaria-based Nexo returned to the US market following an extended multi-year hiatus. This return was prompted by enhanced regulatory understanding and a positive experience with American regulatory bodies. According to an announcement, Nexo attributes its comeback to clearer regulations that have created an environment conducive to business activities in the US.
Later in April, the Netherlands-based Deribit derivatives exchange began reportedly exploring entry into the US market. Although initial steps are just beginning, this move demonstrates interest from international players seeking a slice of the growing American crypto space.
On May 1st, Wintermute, an algorithmic trading firm based in London started establishing itself in the US by opening an office in New York City. Wintermute recognized and acknowledged that with improved regulatory clarity and the supportive business environment under the Trump administration, they could now take advantage of favorable conditions to grow their market.
Further Expansion and Shifts
In June, Seychelles-registered OKX formally relaunched its operations within the US market after having faced a significant hurdle due to multiple $500 million legal settlements. However, following those negotiations were resolved, OkEx re-established itself with renewed effort into growing its domestic footprint by constructing a brand-new headquarters in San Jose, California.
Similarly, June also saw the introduction of China-based ASIC manufacturing pioneer Bitmain’s decision to open a US-based facility for Advanced Systematic Instructions Chip (ASIC) production within early 2026. Additionally, this year will see the establishment of Bitmain’s new U.S. headquarters facilities either by Texas or Florida during the final quarter.
All three firms contributing significantly to the world’s Bitcoin ASIC demand – China’s Bitmain, Canaan and MicroBT—are now taking steps in their pursuit to expand the reach for operations away from their traditional bases in Southeast Asia, towards United States for the increased economic opportunities it represents.
