Jump Trading, a Chicago-based trading firm, is increasing its crypto trading volumes in the US and actively hiring new staff, CoinDesk reports, citing insiders.

The company is seeking crypto engineers to work on validator infrastructure and plans to hire specialists for government relations roles.

Jump Trading reduced its US operations due to regulatory pressure following the Terra and FTX incidents.

The firm faced a class-action lawsuit accusing it of market manipulation with UST and unlawfully profiting from LUNA sales, allegedly acquired at a discount in exchange for artificial price inflation.

In 2022, the company’s crypto division had 150 employees, but the team was later cut in half. Its business outside the US remained unaffected.

Now, amid regulatory shifts, Jump Trading is preparing for a full-fledged return to the US market. One of the potential projects under consideration is the launch of a crypto ETF.

Earlier, Donald Trump confirmed plans to establish a strategic crypto reserve in the US.