ChainCatcher News: On Wednesday, the Algorand Foundation announced its decision to move its headquarters back to the United States from Singapore and to establish a new board of directors. This move follows the Jito Foundation's recent return to the U.S. from the Cayman Islands. Both organizations stated that the shift toward a more crypto-friendly policy in the U.S. was a key factor in their decision to return. Algorand Foundation CEO Staci Warden said the move aims to ensure U.S. leadership in the next generation of financial infrastructure, with a focus on instant global payments, financial product accessibility, and enhanced economic resilience. This decision comes at a time when the U.S. Senate Banking Committee is about to vote on landmark cryptocurrency legislation. Jito Labs CEO previously noted that after President Trump's election, U.S. crypto policy underwent a 180-degree shift, creating a favorable environment for crypto companies to return.
Algorand Foundation Announces Return to U.S. Headquarters and New Board
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Summary
The Algorand Foundation announced that it is moving its headquarters back to the U.S. from Singapore and establishing a new board. This follows the Jito Foundation's recent return from the Cayman Islands, with both citing improved CFTC regulations and a more crypto-friendly U.S. policy. CEO Staci Warden stated that the move aims to strengthen U.S. leadership in global financial infrastructure, including liquidity and cryptocurrency markets. The timing coincides with the U.S. Senate Banking Committee's upcoming vote on major cryptocurrency legislation. Jito's CEO also noted that the Trump administration's shift has created a more business-friendly environment for cryptocurrency companies.
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