Crypto Companies Return to US as Regulations Ease

SEC Chair Paul Atkins urges the US to “reshore crypto businesses that fled,” signaling a major shift in regulation under Trump’s administration. Treasury Secretary Scott Bessent called this the “golden age of crypto,” encouraging companies to launch and hire in the US.

Backed by political support and regulatory clarity, firms like Kraken and MoonPay are expanding stateside. The SEC’s new initiative, Project Crypto, aims to modernize digital asset rules, separating crypto commodities from securities and easing licensing burdens. Early-stage projects may receive regulatory grace periods to innovate freely.

Meanwhile, Deloitte reports 99% of CFOs at billion-dollar firms plan long-term crypto use, with 23% expecting implementation within two years—despite concerns around volatility, accounting, and regulation.

In the UK, the FCA will lift its ban on crypto ETNs for retail investors by Oct. 8, citing a maturing market.

Separately, CoinDCX’s $44M hack led to the arrest of an employee in India, suspected of leaked credentials.

Bitcoin sits at $113,936, ETH at $3,527. Top altcoin gainers: FORM, TON, IP. Biggest losers: FARTCOIN, BONK, VIRTUAL.