SEC Yet to Approve Trump Media CRO Strategy

[cryptohog]

The $6.4 billion Cronos treasury plan announced by Trump Media & Technology Group still awaits regulatory clearance. The SEC has yet to approve the strategy, and according to the Wall Street Journal, the SEC and FINRA have contacted more than 200 public companies this year about crypto treasury announcements amid selective-disclosure concerns.

Marszalek’s tweet about working with the CFTC drew mixed reactions, with some highlighting the lack of SEC approval and questioning whether the plan will ever fully materialize.

[jacson4]

A $6.4B crypto treasury plan sounds huge, but without SEC approval it’s just on hold.

[EmTeam]

Regulators stepping in shows how cautious they are about selective disclosure in crypto moves.