The Jito Foundation announced its return to the United States due to clearer regulations on digital assets

According to market news, the nonprofit organization Jito Foundation, which supports the development of the Jito platform, announced that it will return to the United States.

Lucas Bruder, co-founder and CEO of Jito Labs, stated that during "Operation Chokepoint 2," the cryptocurrency industry faced service termination by banks, forcing the Jito Foundation to operate overseas. He pointed out, "Banks do not provide us with services, and vendors do not contract with us. Every product decision faces real but hard-to-quantify legal risks from hostile and capricious regulators who have acted with impunity." He also mentioned that the passage of the GENIUS stablecoin bill and the ongoing development of the cryptocurrency market structure bill are the reasons for the Jito Foundation's decision to return to the United States.