Coinlist, a well-known token launch platform, announced its return to the US market for the first time since 2019 by launching a token sale for accredited investors.
Coinlist's Return to the US Market
Coinlist executives announced an upcoming token sale for accredited US investors. This will be the first offering for American participants in over five years. The last sale on the platform occurred in 2019 with the Kadena token, noted Coinlist President Scott Keto.
The Impact of Politics on the Crypto Market
Coinlist ceased operations in the US in 2019 due to increased oversight from the US Securities and Exchange Commission. However, the political climate has changed with the Trump administration, which has been favorable to the crypto market. Under Trump, many lawsuits against companies like Coinbase and Ripple have been dropped.
Coinlist's Future Plans
Coinlist plans to continue launching token sales for US investors. The platform and others like Echo and Legion have been gaining popularity in capital raising, despite emerging tensions with venture capitalists. Some VCs, as noted by these platform founders, have been obstructing public sales due to regulatory risks.
Coinlist's return to the US market could be a significant event for the crypto industry, given the easing of regulations and political support. It may also increase the participation of US investors in cryptocurrency projects.
