PANews reported on December 18th, citing Cointelegraph, that the Jito Foundation, the non-profit organization that supports the Jito platform, will return to the United States due to "clearer rules" for digital assets. Lucas Bruder, co-founder and CEO of Jito Labs, stated that during "Operation Chokepoint 2.0," the cryptocurrency industry faced a banking blackout, forcing the Jito Foundation to operate overseas. He noted, "Banks didn't provide us with services, and suppliers didn't contract with us. Every product decision faced real but unquantifiable legal risks from hostile and capricious regulators who acted arbitrarily." He also mentioned that the passage of the GENIUS stablecoin bill and the ongoing drafting of a crypto market structure bill are reasons for the Jito Foundation's decision to return to the United States.


