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The Popular Altcoin That Left the US in 2022 Plans to Return to the US Market! "Met with the SEC!"
One of the once popular altcoins, Chiliz (CHZ) is planning to re-enter the US market.
The sports and entertainment-focused cryptocurrency project Chiliz (CHZ), which withdrew from the US market, recently met with the US Securities and Exchange Commission (SEC).
According to the official statement, Chiliz, which addresses regulatory uncertainty regarding fan tokens with the SEC, plans to re-enter the US market in the context of the 2026 FIFA World Cup.
At this point, Chiliz is expected to return to the US market with a planned investment of between 50 and 100 million dollars for the 2026 World Cup.
It was also stated in the meeting that NBA and NFL teams are interested in launching fan tokens if regulations are clarified. Additionally, Chiliz and SEC discussed why a fan token should not be classified as a security.
While the meeting with the SEC took place yesterday, on April 22, Chiliz CEO Alexandre Dreyfus shared a photo on X with Bo Hines, the chairman of the White House Crypto Advisory Council, signaling that a second meeting with White House officials will be held.
Chiliz had exited the US market in 2022 due to regulatory uncertainty and the FTX collapse.
Chiliz (CHZ) price experienced an increase of up to 10% following the overall positive market sentiment and news of the meeting with the SEC.