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US Crypto Reshoring Gains Momentum as SEC Chair Advocates for Domestic Growth

Time :2025-08-03 04:46:13   key word: crypto reshoring, SEC regulation, US crypto expansion, Trump administration, blo

In a significant policy shift, US financial regulators are actively encouraging cryptocurrency firms to relocate operations to American soil, with SEC Chair Paul Atkins leading the charge for "reshoring crypto businesses." This development comes as multiple global blockchain companies announce US expansions amid a more favorable regulatory climate.

Regulatory Push for Domestic Crypto Growth

During a recent address at the America First Policy Institute, SEC Chair Atkins emphasized the need to bring back crypto enterprises that had previously left US jurisdiction. "We're witnessing a unique opportunity to reshore the crypto businesses that fled," Atkins stated, highlighting the administration's commitment to establishing the US as a digital asset hub.

Treasury Secretary Scott Bessent reinforced this position, declaring the current period as the "golden age of crypto" in America. In a social media post, Bessent directly addressed blockchain entrepreneurs: "Start your companies here. Launch your protocols here. And hire your workers here."

Global Firms Respond to Policy Shift

The regulatory clarity under the current administration has already yielded tangible results:

• Bulgaria-based Nexo resumed US operations in April after a multi-year absence
• Dutch derivatives exchange Deribit began exploring US market entry in May
• Seychelles-registered OKX established new California headquarters in June following a 【$500 million】 regulatory settlement
• Chinese mining giant Bitmain plans its first US production facility by 2026

——This reverse migration marks a dramatic turnaround from the industry's previous exodus——

Domestic Expansion Accelerates

US-native companies are similarly scaling operations:

• Kraken relocated its global headquarters to Wyoming, citing the state's progressive crypto laws
• MoonPay secured licenses to operate in all 50 states after establishing a New York base
• Wintermute, a London-based trading firm, opened New York offices in May

The coordinated push combines regulatory reforms with strategic positioning. As Atkins noted in his speech, "What we're seeing isn't just about individual companies—it's about rebuilding an entire ecosystem." Industry analysts suggest the moves could create 【15,000+】 new jobs in blockchain sectors by 2026.

Why Now? The Regulatory Calculus

Three key factors drive the reshoring trend:

1. Clearer compliance pathways for digital assets
2. Reduced enforcement uncertainty under new SEC guidance
3. Competitive tax incentives in states like Wyoming and Texas

Interestingly, the policy shift comes as multiple nations compete for blockchain dominance. With the US crypto market cap now exceeding 【$2.3 trillion】, the economic stakes have never been higher. As one industry insider noted, "It's not just about bringing companies back—it's about securing America's position in the next financial revolution."