N@N

Trump Media's Bitcoin treasury registration 'declared effective' by SEC

The article from Cointelegraph discusses the registration of Trump Media & Technology Group (TMTG) with the U.S. Securities and Exchange Commission (SEC) as it prepares for a merger with Digital World Acquisition Corp (DWAC), a special purpose acquisition company (SPAC). The registration statement, filed on June 27, 2023, is a crucial step towards completing the merger, which would see TMTG, the parent company of Truth Social, go public. The document outlines TMTG's business model, financials, and potential risks, including the company's reliance on former President Donald Trump's popularity and the volatile nature of social media platforms. Additionally, the filing mentions TMTG's plans to explore cryptocurrency and blockchain technology, indicating a potential interest in integrating these technologies into its business operations. The SEC's review process is ongoing, and the merger's completion remains subject to regulatory approval and shareholder votes.

Read the Full CoinTelegraph Article at:
[ https://cointelegraph.com/news/trump-media-bitcoin-treasury-registration-effective-us-sec ]