Trump’s Truth Social Exploring Legal Action Against SEC for Alleged Delays in Company Merger Approval Process

The company founded by former President Donald Trump that launched his social media platform Truth Social is considering legal action against the Securities and Exchange Commission (SEC) for allegedly slow-walking approval of the company’s planned merger with another company that would provide the joint entity a mass infusion of capital, Breitbart News has learned exclusively.

Trump Media & Technology Group (TMTG), in a statement provided exclusively to Breitbart News, said it was exploring possible legal action against the SEC for the alleged delays, which the TMTG statement attributes at least in part to alleged political bias at the regulatory agency. TMTG — a private company — has been planning to merge with the SPAC, or special purpose acquisition company, Digital World Acquisition Corp. (DWAC), but the matter is on hold awaiting SEC approval — and has been for months. DWAC is a publicly-traded company.

“The SEC has stalled its review of our planned merger…

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