Jito Foundation plans to return to the United States
On December 18, according to market sources, the nonprofit organization Jito Foundation, which supports the development of the Jito platform, announced it will return to the United States. Lucas Bruder, co-founder and CEO of Jito Labs, stated that during "Operation Chokepoint 2," the crypto industry was cut off from banking services, forcing the Jito Foundation to operate overseas. He pointed out: "Banks would not provide us with services, and vendors would not sign contracts with us. Every product decision faced 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 Act and the ongoing development of the crypto market structure bill are the reasons why the Jito Foundation has decided to return to the United States.
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