SEC Approves Trump Media’s Bitcoin Treasury Plan: Implications for Crypto Industry

The U.S. Securities and Exchange Commission (SEC) recently approved Form S-3 registration by Trump Media and Technology Group Corp. (NASDAQ: DJT), granting the company authorization to implement a Bitcoin (BTC) treasury strategy. Devin Nunes, CEO and President of Trump Media, stated that they are actively pursuing expansion in areas like social media, television streaming, and FinTech while establishing this Bitcoin treasury for increased growth potential. 235 institutional investors are currently holding over 3.4 million BTCs in their treasury accounts, signaling a growing trend towards Bitcoin adoption.