#TrumpBTCTreasury The SEC approves Trump Media's Bitcoin treasury agreement: A boost for adoption or a political risk?

The Securities and Exchange Commission (SEC) has given the green light to Trump Media & Technology Group's (TMTG) ambitious plan for a $2.3 billion Bitcoin treasury, allowing the company to raise funds and acquire BTC. This move positions TMTG, owner of Truth Social, as one of the largest public holders of Bitcoin. Additionally, the company has applied for the creation of a Bitcoin ETF under the Truth Social brand, seeking to offer investors direct exposure to the price of BTC, in a market where cryptocurrency ETFs already exceed $130 billion in assets.

This step reinforces TMTG's strategy to integrate into the crypto ecosystem, after announcing in May a $2.5 billion investment in Bitcoin and a partnership with Crypto.com. However, Trump Media's strong political connection raises questions: Could this push accelerate the mass adoption of Bitcoin, legitimizing it as a corporate treasury asset? Or will it increase volatility and political risks in the crypto markets?