Jump Trading, the multibillion dollar company Jump trading trading trading trading and venture arm that played a central role in supporting Terra’s roughly $40 billion Stablecoin ecosystem, is ready to reintroduce itself and clearly rebuild.
More than a year after plunging into the spotlight in lawsuits and settlements, the company resurfaced this week with a new X post.
“@Jump_ is reintroducing itself. The builder behind some of the most ambitious projects in crypto. We are transforming real-world constraints into inviting open source, decentralized infrastructure, and builders and policy makers to shape the future of financial markets with us.
In an accompanying blog post, Jump Crypto has admitted to maintaining a “lower public profile” over the past few years, but insisted that it “doesn’t stop buildings.”
Terra Fallout
Jump Crypto was scrutinized in December 2024 after its subsidiary Tai Mo Shan settled with the U.S. Securities and Exchange Commission for $123 million related to misleading investors during Terrausd’s short-lived DEPEG in May 2021.
Terraclassicusd Chart
According to the SEC, Jump spent more than $20 million through its subsidiary and pushed UST back to $1 without disclosing its involvement. The move has given investors false confidence and helped fuel stablecoin the billions of dollars inflows.
Jump did not admit any fraud. In a commentary in the Wall Street Journal, the company said it was “deeply dissatisfied” with the SEC’s enforcement-by-executive approach, but was “pleasant to be able to solve this issue.”
Former SEC chairman Gary Gensler, who took office in January, called the incident a reminder of Crypto’s “significant investor losses due to fraud.”
“Send a message to regulators”
Now, Jumpcrypt appears to be increasingly involved in discussions with policymakers in Washington. “There has never been a better opportunity to build a new coordinating tier for organisation, not just a new financial rail, but a new coordinating tier for organisation,” he suggests his interest in re-entering the market.
The crypto community wasted no time responding. Jordan Fish, a popular trader known as Coby, responded to a Jump post. “Hey, you replied, “You missed it,” pay “Luna’s UST” from achievements to repeg luna’s UST,” referring to the behind-the-scenes role of Jump to Terraus’ stabilization.
Another X user using handle namazashi said, “We’re back! When we’re not busy paying nine-figure settlements for retail investors scams, we’re spending our time releasing the most unreliable protocols launched in Web3 history, such as Pyth and Wormhole!”
The Jump Crypto comeback comes amid a pro-crypto shift under the Trump administration. The Trump administration had previously allowed Bitmex co-founders Arthur Hayes, Benjamin Dero and Samuel Reid. They all pleaded guilty in 2022 to a violation of the Bank Secret Act in connection with insufficient money laundering control.
The SEC’s aggressive execution stance has also become softer. The agency has dropped or suspended several well-known crypto lawsuits, including those opposed to Vinance, Ripple, Robinhood and Coinbase, after President Trump pledged to make the United States the “crypto capital of the world.”