US Crypto Boom: Companies Expand Operations Amidst Regulatory Clarity

A notable shift is underway in the global digital asset landscape, as several prominent cryptocurrency firms, both international and domestic, are redirecting their operations and expanding their presence within the United States. This strategic pivot is largely influenced by an evolving regulatory environment and direct political backing from the current administration, signaling a potential new era for blockchain and digital asset development in the country.

• U.S. government officials, including the SEC President and Treasury Secretary, are actively encouraging crypto firms to establish and expand operations domestically.
• International cryptocurrency companies like Nexo, Deribit, OKX, and Wintermute are re-engaging with or entering the U.S. market.
• Bitmain, a leading mining hardware manufacturer, plans to open its first U.S. ASIC production facility by early 2026 and an operational headquarters in Texas or Florida.
• Prominent U.S.-based firms such as Kraken and MoonPay are consolidating and expanding their domestic presence, securing broad operational licenses.

The impetus for this trend has been articulated by high-level officials. Paul Atkins, President of the Securities and Exchange Commission (SEC), recently advocated for the “repatriation of crypto businesses that left,” aligning with President Donald Trump’s broader strategy to position the U.S. as a global hub for digital assets. Concurrently, Treasury Secretary Scott Bessent described the current moment as “the golden age of cryptocurrencies” in the U.S., actively encouraging developers to establish and expand their ventures domestically, emphasizing: “Start your companies here. Launch your protocols here. Hire your workers here.” Such statements reflect a concerted effort to foster a more predictable and supportive climate for the industry.

International Firms Re-engage with the U.S. Market

This policy shift, combined with increasing regulatory clarity, has prompted several global crypto companies to re-evaluate their U.S. presence. Nexo, a Bulgaria-based crypto lending and yield platform, announced its return to the U.S. market after a multi-year hiatus, citing improved regulatory clarity as a key motivator. Similarly, Deribit, a derivatives exchange based in the Netherlands, has reportedly begun exploring U.S. market entry, while London-based algorithmic trading firm Wintermute established an office in New York.

Further demonstrating this trend, OKX, a centralized exchange registered in Seychelles, formalized its re-entry into the U.S. by establishing a new headquarters in San Jose, California. This move, which followed a significant agreement with local regulators, underscores a strategic shift towards more robust domestic growth. In a move with significant economic implications, Bitmain, the Beijing-based mining hardware giant, announced plans to open its first ASIC production facility in the United States by early 2026, as reported by Bloomberg. The company also intends to establish an operational headquarters in Texas or Florida before the end of the third quarter, part of a broader trend of major ASIC manufacturers consolidating production within the U.S.

Domestic Expansion and Consolidation

Concurrently, U.S.-based cryptocurrency companies are reinforcing their domestic operations. Kraken, a prominent exchange, relocated its global headquarters to Cheyenne, Wyoming, leveraging the state’s forward-thinking stance on digital assets. MoonPay, originally based in Miami, expanded its footprint by opening a new headquarters in New York City and securing licenses to operate legally across all 50 states. These actions highlight a commitment to deepening roots within the U.S. as the regulatory landscape becomes more defined.

The confluence of political endorsement, clearer regulatory frameworks, and institutional receptiveness marks a critical inflection point for the U.S. crypto sector. As signals from the Trump administration and federal regulators become increasingly explicit, the country is strengthening its appeal as a destination for blockchain projects, exchanges, and digital asset enterprises. While the process of re-localization is still nascent, it represents a substantial reversal from the industry’s prior exodus driven by legal uncertainties. The sustained development and refinement of this regulated environment will be pivotal in determining whether this “crypto return” translates into enduring innovation, investment, and job creation within the United States.