coindesk.com
The Algorand Foundation said it will re-establish its headquarters in the United States, returning to Delaware from Singapore as part of a broader restructuring that includes the appointment of a new board of directors, the organization said in a press release Wednesday.
The nonprofit, which supports development of the Algorand blockchain, said the move reflects a renewed emphasis on U.S. operations as it expands work on areas such as payments infrastructure, asset tokenization and other blockchain-based financial services.
Under U.S. President Donald Trump’s administration, crypto policy has shifted markedly from the enforcement-heavy posture of previous years toward a more industry-oriented framework aimed at fostering blockchain innovation and market growth.
Early executive actions, including a directive to develop a federal digital assets regulatory blueprint, signaled a departure from aggressive prosecutions and unclear oversight, replacing them with a push for regulatory clarity and legislative engagement.
"By re-establishing our presence in the U.S., Algorand is helping ensure U.S. leadership for the next generation of financial infrastructure," said Staci Warden, CEO of the Algorand Foundation, in the release.
The return to the U.S. and the appointment of a new board are intended to sharpen, rather than redirect, Algorand’s strategy.
The new board includes former policymakers alongside long-time crypto builders and technologists, and is designed to support a clearer set of priorities around financial empowerment and infrastructure.
It includes Abra founder and CEO Bill Barhydt as chair, former MoneyGram CEO Alex Holmes, former FinCEN acting director Michael Mosier, Jito Labs CLO Rebecca Rettig and Algorand Foundation CEO Staci Warden.
The board is tasked with overseeing expanded U.S. operations while guiding initiatives focused on global payments, asset tokenization and broader financial access.
Algorand’s blockchain is already used by projects focused on real-world financial use cases, including tokenized real estate, cross-border payments and onchain lending. The U.S. base is expected to support further growth in those areas.
The foundation also said it plans to form an Ecosystem Advisory Council to give developers, projects and large network participants a formal role in shaping strategy.
Algorand is a public, layer-1 blockchain designed for financial applications such as payments, asset issuance and identity, and is used by developers building consumer and institutional financial tools. The network originated from academic research at the Massachusetts Institute of Technology (MIT).
Read more: Former CFTC Commissioner Brian Quintenz joins SUI Group board