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Jito Foundation announces it will re-enter the United States due to the US having "more clear rules" on digital assets
PANews December 18 News, according to Cointelegraph, the non-profit organization Jito Foundation, which supports the development of the Jito platform, announced that it will return to the United States due to the “more clear rules” on digital assets in the US. Jito Labs co-founder and CEO Lucas Bruder stated that during “Operation Chokepoint 2.0,” the cryptocurrency industry was cut off from banking services, forcing the Jito Foundation to operate overseas. He pointed out: “Banks do not provide services to us, and vendors refuse to sign contracts with us. Every product decision faces real but difficult-to-quantify legal risks from hostile and unpredictable regulatory agencies that have acted arbitrarily.” He also mentioned that the passage of the GENIUS stablecoin bill and the ongoing drafting of the crypto market structure bill are reasons for the Jito Foundation’s decision to return to the US.