Chiliz meets with the SEC's cryptocurrency task force amid plans to re-enter the US market
Chiliz strategically withdrew from the US market in 2022 due to unstable legal conditions and the collapse of FTX.
Chiliz, a company from SportsFi, met with the US Securities and Exchange Commission (SEC) to discuss investing and re-entering the US cryptocurrency market under the crypto-friendly administration of the White House and to enhance regulatory clarity regarding digital assets.
According to the meeting request published by the SEC, Chiliz plans to re-enter the US market around the time of the FIFA World Cup 2026. This return will be accompanied by an investment of between $50 million and $100 million in the local market. Teams from the National Basketball Association and National Football League are reportedly interested in launching fan tokens if regulatory clarity is improved.
The meeting with the federal agency was held on April 22 — the same day Chiliz CEO Alexandre Dreyfus shared a photo with Bo Hines, the executive director of Trump's Digital Asset Advisory Council, hinting at a second meeting with White House officials.
According to the meeting documents, Chiliz discussed the proposed structure of a fan token and why it “should not be classified as a security.” Generally, securities are investments where the investor expects returns from the efforts of others besides the investor.
