The U.S. Securities and Exchange Commission (SEC) has officially approved Trump Media and Technology Group’s (TMTG) registration to proceed with its long-awaited Bitcoin acquisition plan. With the green light now in hand, the firm’s treasury strategy is in motion.

$2.3 Billion Unlocked for Bitcoin Purchase

TMTG, which raised around $2.3 billion from institutional investors, is now legally permitted to use those funds to buy BTC. The firm did not disclose how much Bitcoin it plans to acquire or when, stating only that purchases will occur at the company’s discretion.

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Importantly, the funds can also be allocated to broader corporate initiatives, meaning Bitcoin acquisition is just one possible use of the capital.

$12 Billion Universal Shelf Included in Filing

The SEC filing also includes a universal shelf registration allowing TMTG to raise up to $12 billion through stock, debt, or warrants in the future. While no new issuance is currently planned, the authorization gives the company immense financial flexibility.

In addition, 84.7 million shares owned by early investors are now registered for resale. That amount represents nearly half of the public float and about 30% of total shares outstanding. TMTG is listed on the Nasdaq exchange under the ticker DJT.

Beyond Truth Social: Crypto-Driven Fintech Expansion

TMTG’s crypto ambitions stretch beyond asset acquisition. The company also operates Truth+, a digital streaming service, and Truth.fi, a new fintech platform launched earlier this year.

According to the company’s prospectus, its Bitcoin strategy may include purchasing Bitcoin-related securities or even selling BTC in the future to invest in cash-equivalent assets, depending on market conditions. Truth.fi is described as a financial services brand supporting “America First” investment vehicles, signaling a broader play in the fintech and digital asset space.

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The post Trump Media Cleared by SEC for Bitcoin Treasury Strategy appeared first on Coin Engineer.

The filing argues that the SEC couldn’t demonstrate that users had any contractual obligations with Binance after purchasing specific cryptocurrencies, thereby challenging the essence of the Howey Test. This argument aims to dismantle the SEC’s case and potentially secure a dismissal of the lawsuit.

Binance’s Agreements with U.S. Agencies

Binance further asserts that recent agreements the company entered into with various agencies, including the Department of Justice (DOJ), the Commodity Futures Trading Commission (CFTC), and FinCEN, demonstrate its awareness of operating in the U.S. and serving U.S. customers. They argue that these agreements are unrelated to the SEC’s allegations and do not involve securities laws.

Additionally, Binance and CZ contend that the laws governing these agreements and consent decrees, such as the Bank Secrecy Act (BSA) and the International Emergency Economic Powers Act (IEEPA), differ from securities laws enforced by the SEC. This strengthens the claim that the SEC overreached its jurisdiction in this case.

In a separate filing, Binance specifically addresses the application of securities laws and argues that they should not apply in this case as they are not relevant to the allegations in the agreements and consent decrees.

Ultimately, these filings represent a significant challenge to the SEC’s case. By questioning the foundation of the lawsuit and asserting the irrelevance of prior agreements, Binance and CZ aim to secure a dismissal of the case and set an important precedent for the crypto industry.

The post Binance and CZ Counter the SEC Lawsuit! appeared first on Coin Engineer.

Recently, securities have become a significant topic in the crypto market. Regulatory bodies in the US, in particular, are paying close attention to the definition of securities in the crypto industry. Discussions regarding securities between cryptocurrency-related companies and regulators are being settled in courts.

As known, the US Securities and Exchange Commission (SEC) has increased the number of tokens it assesses as securities to 68, following lawsuits against firms like Coinbase and Binance. However, CoinGecko only includes 24 of them in its list.

CoinGecko lists cryptocurrencies by market value on its newly launched ‘Top Alleged Securities Coins’ page. For the list, click here.

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In this list, Binance Coin (BNB) ranks first, followed in order by Cardano (ADA), Solana (SOL), and Tron (TRX). Furthermore, according to CoinGecko, the tokens that SEC assesses as securities in the crypto market represent at least $84.9 billion, accounting for 7.5% of the total market.

Alongside all this, SEC Chairman Gary Gensler insists that most assets in the crypto market are securities and, therefore, fall under the agency’s purview. With his statements, he clarified the need to recognize the vast majority of crypto assets as securities, indicating this includes cryptocurrencies beyond just Bitcoin.

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