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Algorand Foundation announces return from Singapore to the United States and the formation of a new board of directors
CoinVoice has learned that the Algorand Foundation announced on Wednesday that it will move its headquarters from Singapore back to the United States and establish a new board of directors. This move follows Jito Foundation’s return to the US from the Cayman Islands last week.
Both organizations stated that the shift in US crypto policy towards a more friendly stance was a key factor in their decision to return. Algorand Foundation CEO Staci Warden said that the move aims to ensure the United States maintains its leadership in next-generation financial infrastructure, focusing on instant global payments, the proliferation of financial products, and economic resilience.
This decision comes as the US Senate Banking Committee is about to vote on landmark cryptocurrency legislation. Jito Labs CEO previously pointed out that after President Trump took office, US crypto policy experienced a 180-degree shift, creating a favorable environment for crypto companies to return.