the Algorand Foundation announced on Wednesday that it will relocate its headquarters from Singapore back to the United States and form a new board of directors. This move follows the Jito Foundation's return to the United States from the Cayman Islands last week.

Both organizations stated that the shift towards a friendly crypto policy in the United States was a key factor in their return. Algorand Foundation CEO Staci Warden said the move aims to ensure the United States' leadership in next-generation financial infrastructure, focusing on instant global payments, financial product adoption, and enhancing economic resilience.

This decision comes as the U.S. Senate Banking Committee is about to vote on landmark crypto legislation. Jito Labs CEO previously pointed out that after President Trump's inauguration, U.S. crypto policy underwent a 180-degree shift, creating a favorable environment for crypto companies to return.