Chiliz meets with SEC cryptocurrency working group to discuss plans to re-enter US market

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PANews
04-23
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PANews reported on April 23 that, according to Cointelegraph, Chiliz, a company under SportsFi, has met with the US SEC to discuss investing and re-entering the US cryptocurrency market under a White House leadership friendly to crypto enthusiasts, as well as pushing for greater transparency in digital asset regulation. Due to regulatory uncertainty and the FTX collapse, Chiliz "strategically exited" the US market in 2022.

According to the meeting request published by the US Securities and Exchange Commission (SEC), Chiliz plans to return to the US market during the 2026 FIFA World Cup. This comeback will be accompanied by an investment of $50 million to $100 million in the US domestic market. It is reportedly claimed that if regulation becomes become more transparent, teams from the NBA and NFL are tokens.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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