On December 18th, according to market news, the Jito Foundation, a non-profit organization that helps develop the Jito platform, said it will return to the United States.
Lucas Bruder, co-founder and CEO of Jito Labs, said that during "Operation Chokepoint 2", the cryptocurrency industry was disconnected by banks and the Jito Foundation was forced to operate overseas. "Banks do not provide services to us, and suppliers do not sign contracts with us," he noted. "Every product decision is subject to real but hard-to-quantify legal risks from adversarial and capricious regulators who have run amok." He also cited the passage of the GENIUS stablecoin bill and the ongoing crypto market structure bill as reasons for the Jito Foundation's decision to return to the United States.
Jito Foundation plans to return to the United States
2025-12-18 00:13:47
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