Nexo: Will gradually exit the U.S. market in the coming months and immediately stop offering Earn Interest products in the U.S

ChainCatcher news, the crypto lending platform Nexo announced on Monday that it will stop offering products and services in the United States over the next few months, will immediately cease the use of its Earn Interest products in eight states, and will no longer sign contracts with any new U.S. customers for Earn products. However, Nexo has not yet provided a specific timeline for its overall withdrawal from the U.S.

Nexo stated in a related blog post that it has been in negotiations with state and federal regulators in the U.S., and although regulators initially encouraged cooperation, recent events (such as the FTX collapse) have led these negotiations to a "deadlock." (source link)