Algorand Foundation Announces Return to the US from Singapore and Formation of a New Board of Directors

The Algorand Foundation announced on Wednesday that it is relocating its headquarters from Singapore back to the United States and forming 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 the move aims to ensure the US maintains a leadership position 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 set to vote on landmark crypto legislation. Jito Labs CEO previously pointed out that after President Trump took office, US crypto policy underwent a 180-degree shift, creating a favorable environment for crypto companies to return.