Jito Foundation announces return to the United States due to "clearer regulations" on digital assets.

PANews, December 18—According to Cointelegraph, the nonprofit Jito Foundation, which supports the development of the Jito platform, has announced its return to the United States due to the country’s “clearer rules” for digital assets. Lucas Bruder, co-founder and CEO of Jito Labs, stated that during “Operation Chokepoint 2.0,” the crypto industry was cut off from banking services, forcing the Jito Foundation to operate overseas. He noted: “Banks would not provide us with services, and vendors refused to sign contracts with us. Every product decision faced real but hard-to-quantify legal risks from hostile and capricious regulators who have acted arbitrarily.” He also mentioned that the passage of the GENIUS Stablecoin Act and the ongoing development of crypto market structure legislation were reasons for the Jito Foundation’s decision to return to the United States.