CoinList returns to the US market for the first time since 2019, hosting a token sale for DoubleZero Foundation and offering the 2Z token to accredited US investors.
CoinList's Return to the US Market
CoinList is conducting its first token sale for US participants in five years. The last such sale was for the Kadena token in 2019. CoinList President Scott Keto marked this as a crucial step for the company after increased regulatory enforcement under the Joe Biden administration, which was seen as overly aggressive by the crypto industry.
DoubleZero Token Sale
The DoubleZero Foundation, the team behind the DoubleZero protocol, offers the 2Z token to accredited US investors. This marks the first token sale on CoinList open to US participants since 2019. CoinList's return to the US market opens new doors for a wave of new investors.
Shift in Administration Stance
The Donald Trump administration has taken a more positive approach towards the crypto space, allowing CoinList to return to the US market. In contrast, the Biden administration heightened enforcement actions, perceived as excessively onerous. Many companies and projects, like Solana, Near, and Ondo, chose to exclude US participants due to regulatory uncertainty. However, the situation is changing: the SEC is currently dropping numerous lawsuits against major crypto firms.
CoinList’s return to the US market indicates a potential easing of regulatory scrutiny and opens new opportunities for US investors.
