Algorand Foundation headquarters moves back to the United States and forms a new board of directors

Algorand Foundation announced the relocation of its headquarters from Singapore to the United States and the formation of a new board of directors. Algorand Foundation CEO Staci Warden stated that this move aims to ensure the United States' leadership position in the next generation of financial infrastructure, focusing on instant global payments, financial product adoption, and economic resilience enhancement. Jito Foundation also relocated back to the United States from the Cayman Islands last week, and both institutions stated that the shift towards a more friendly US cryptocurrency policy was a key factor in facilitating the return. The US Senate Banking Committee is about to vote on landmark cryptocurrency legislation.