US Rep. Dan Meuser, R-PA on Thursday urged the Securities and Exchange Commission to quickly consider the long-delayed Trump Media & Technology Group merger with Digital World Acquisition.
The deal was announced more than two years ago.
The merger, however, has long struggled under SEC scrutiny, prompting accusations of deliberate political inference from Truth Social’s leadership, who have pointed to the litany of pro-Joe Biden figures at the federal regulator, Just the News reports.
Meuser, for his part, urged SEC Chairman Gary Gensler to consider the latest filing from both companies, saying the “SEC’s mission is to protect investors, maintain fair and orderly markets, and facilitate capital formation. We must now see this mission in action through the expedient handling of this matter.”
Digital World in July settled civil charges with the SEC and agreed to pay an $18 million penalty, which would be waived if the deal with Trump’s company collapses.
The U.S. Justice Department and the SEC in June filed separate charges against three individuals over insider trading related to the merger. Read more.
