Trump’s Truth Social is considering lawsuit against SEC over blocked merger

Sep 21, 2022 | Political News

Four months ago, alternative tech platform Truth Social’s parent company Trump Media & Technology Group (TMTG) filed for a merger approval with Digital World Acquisition Corp. (DWAC), a special purpose acquisition company. According to Breitbart News, TMTG is considering taking legal action against the Securities and Exchange Commission (SEC) over delays of approval of the merger.

In its statement to Breitbart News, TMTG alleges that the delay is a result of political bias in the SEC.