SEC Chair Aktins calls to ‘reshore crypto’ as companies move back to the US

Crypto companies are beginning to return to the United States as top officials signal a shift toward friendlier regulation and domestic growth.

In a Thursday speech at the America First Policy Institute, SEC Chair Paul Atkins called on the country to “reshore the crypto businesses that fled,” reinforcing a broader effort by the administration of President Donald Trump to position the US as a global hub for digital assets.

Treasury Secretary Scott Bessent said on Friday that the US has entered the “golden age of crypto” and issued a direct call to builders: “Start your companies here. Launch your protocols here. And hire your workers here.”

Backed by clearer regulations and high-level political support, crypto companies are beginning to respond, with some relocating operations to the US from abroad, and others, like Kraken and MoonPay, expanding their domestic footprint in response to the policy shift.

Global crypto companies chart return to the US

The combination of pro-crypto rhetoric, concrete legislation and a clearer regulatory climate under the Trump administration is starting to deliver results, with several global crypto companies expanding into the US and bringing operations back to American soil.

On April 28, Nexo, a Bulgaria-based crypto lending and yield platform, announced its return to the US market after a multi-year absence, citing improved regulatory clarity and a more constructive stance from federal agencies.

In early May, Deribit, a Netherlands-based derivatives exchange, was reportedly exploring a US market entry. London-based algorithmic trading company and market maker Wintermute opened a New York office in the same month.

In June, OKX, a centralized exchange registered in Seychelles, formally relaunched its US operations. The company established a new headquarters in San Jose, California, following a $500 million settlement with US regulators and a renewed focus on domestic growth.

In July, Beijing-based mining company Bitmain announced plans to open its first US-based ASIC production facility by early 2026, according to a report from Bloomberg. The company also said it will establish a new headquarters in Texas or Florida by the end of the third quarter.

The announcement followed mid-June reports that Bitmain, Canaan and MicroBT, companies that, combined, retain a significant portion of the global Bitcoin ASIC market—are all shifting production to the US.

US firms scale up at home

Kraken and MoonPay, both US-based firms, are also expanding their domestic footprint.

In June, Kraken moved its global headquarters to Cheyenne, Wyoming, citing the state’s pro-crypto stance.

In April, MoonPay, initially based in Miami, opened a new headquarters in New York City, and in June said it had secured licenses to operate in all 50 states.

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