Nexo previously exited the U.S. market in late 2022 after regulatory friction and multiple enforcement actions by federal and state authorities

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Crypto lender Nexo is reentering the U.S. market, nearly two years after halting services for American clients due to regulatory scrutiny of its Earn Interest Product.

Nexo withdrew from the U.S. in late 2022 after what it called a "dead end" in negotiations with state and federal regulators over its Earn Interest Product, as well as the market turmoil following the collapse of crypto exchange FTX and a wider crackdown on crypto lenders, CoinDesk reported at the time.