Crypto lender Nexo said it is reinforced the United States and marked a comeback two years after regulatory friction forced its exit.

“America is back, and so is Nexo,” said co -founder Antoni Trenchev at a press event on Sunday in Bulgaria with Donald Trump Jr. And credited what he described as a more favorable environment for innovation during the Trump Presidency.

“Thanks to President Donald J. Trump’s vision and leadership, his administration and his family are again a place where innovation is advanced, not suffocated. A place where pioneers are celebrated,” Trenchev said, according to a press release.

Now, administering $ 11 billion in assets, Nexo said it will offer its full package of services to US retail and institutional clients, including high-yield spare products, asset-supported credit lines and advanced trade solutions.

Nexo retired from the United States by the end of 2022 after what it called a “blind alley” in negotiations with state and federal regulators on its earnings product, as well as the market’s turmoil after the collapse of crypto exchange FTX and a wider crash on crypto providers, Coindesk reported at that time.

The company said in 2022 that it could no longer function in an “impossible environment” after several enforcement actions, including from California and New York.