Deribit Aims for US Expansion in Line with President Trump's Supportive Stance on Cryptocurrencies, According to a Report

Welcome to The Daily Hodl, where we cover the ever-evolving world of finance, including bitcoin, ethereum, crypto, and web 3. Today's headlines focus on Deribit's ambitions to join the bustling US crypto market amid a more favorable regulatory environment.

Deribit Targets US Market After Trump Administration's Pro-Crypto Policies

Deribit, the world's largest cryptocurrency options exchange, has set its sights on the US market following the Trump administration's pro-crypto stance. The exchange's CEO, Luuk Strijers, explains that the company is reassessing potential opportunities in the US in light of the country's newfound friendliness towards the digital assets industry.

Under Trump's administration, the U.S. Securities and Exchange Commission (SEC) halted or ended various cases it had filed against crypto companies, perceived as violations of federal securities laws [2]. Moreover, the U.S. Department of Justice (DOJ) recently disbanded its National Cryptocurrency Enforcement Team (NCET), a unit dedicated to investigating crypto-related criminal activities.

The Industry's American Dream

Deribit's contemplated US play is part of a broader trend among crypto firms keen on American expansion. Several companies, including OKX, Nexo, Wintermute, and DWF Labs, are also aiming to tap the growth potential offered by the US market [1].

However, Strijers warns that despite the now more supportive regulatory environment, the road to the US market remains challenging [1]. As Deribit moves forward, they will continue to monitor developments and evaluate strategic options accordingly [1].

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should always conduct their due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that The Daily Hodl participates in affiliate marketing.

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Deribit Aims for US Expansion in Line with President Trump's Supportive Stance on Cryptocurrencies, According to a Report