Trump Media & Technology Group (TMTG), the company that owns the "Truth Social" platform for U.S. President Donald Trump and is partially owned by the president, received approval from the U.S. Securities and Exchange Commission (SEC) for its registration statement related to the $2.3 billion Bitcoin (BTC) deal.

According to a filing submitted to the SEC on June 13, the commission announced the "effectiveness" of TMTG's S-3 registration statement, submitted on June 6, for the Bitcoin (BTC) treasury deal. S-3 is a form used by the United States.