Jito Foundation to return to US amid 'clearer rules' for digital assets
The Jito Foundation is returning to the US due to perceived clearer digital asset rules following regulatory shifts.Summary
The Jito Foundation, the nonprofit supporting the Solana MEV infrastructure builder Jito, announced its return to the United States, citing the emergence of "clearer rules" for digital assets. Jito Labs CEO Lucas Bruder stated the foundation was previously forced offshore due to hostile regulators under the previous SEC leadership and faced difficulties like debanking during the alleged Operation Chokepoint 2.0. Bruder pointed to recent legislative efforts, such as the GENIUS stablecoin bill and a forthcoming crypto market structure bill, as reasons for the change in regulatory outlook. This move reflects a perceived regulatory shift in the US, particularly following the 2024 election and the appointment of Paul Atkins as SEC chair. However, reports of debanking persist, with executives like Strike CEO Jack Mallers citing recent account closures, and venture capitalists warning that Operation Chokepoint tactics continue via excessive fees or outright blocking of transfers to crypto platforms.
(Source：Cointelegraph)