The Jito Foundation, a nonprofit supporting the Jito platform, has announced its return to the United States, citing clearer regulatory frameworks for digital assets. Jito, which builds maximal extractable value (MEV) infrastructure for the Solana network, had previously operated overseas due to regulatory challenges and debanking issues during Operation Chokepoint 2.0. Co-founder Lucas Bruder highlighted recent legislative changes, such as the GENIUS stablecoin bill, as pivotal in their decision to return.
Despite a more favorable regulatory environment following the 2024 presidential election and the appointment of Paul Atkins as SEC chair, crypto industry leaders report ongoing debanking issues. Jack Mallers, CEO of Strike, recently disclosed that JPMorgan Chase closed his personal bank account without explanation, underscoring persistent challenges in the sector.
Jito Foundation Returns to US Amid Improved Crypto Regulations
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