Jump Trading Expands US Crypto Operations
- Jump Trading is increasing its US crypto operations after a previous reduction due to regulatory uncertainty.
- The firm is hiring more crypto engineers and policy experts in the US.
- Jump Trading was involved in the TerraUSD and FTX collapses, incurring significant financial losses.
- Tai Mo Shan, a Jump subsidiary, faced investigations from the SEC and CFTC related to TerraUSD.
- Jump agreed to pay $123 million to settle an SEC investigation without admitting wrongdoing.
- The company donated $15 million to support crypto-friendly candidates for Congress in the 2024 election cycle.
Jump Trading is revitalizing its US digital asset desk by hiring engineers and policy experts, following past involvement in major crypto collapses like TerraUSD and FTX. The firm settled an SEC investigation for $123 million without admitting fault and is investing in political advocacy for favorable crypto regulations.
Source (2.6)https://cryptobriefing.com/jump-trading-us-expansion/?rand=59535
