Rumble Inc (RUM)

[abracky]

SEC closes Rumble investigation, "We do not intend to recommend...action"



MXM Exclusive

Quick Hit: 
The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Rumble Inc., a global free speech platform, stating it will not recommend any enforcement action. This marks the latest regulatory clearance for social media platforms promoting free speech.
Key Details: 

The SEC has concluded its investigation into Rumble Inc. and will not recommend any enforcement action.

This decision marks the latest regulatory clearance for social media platforms promoting free speech.

The SEC's clearance follows a similar clearance for Truth Social, former President Donald Trump's social media platform.

Diving Deeper: 
The SEC's decision comes as a significant relief for Rumble Inc., a video-sharing website that has been under investigation for months. The regulatory body's Assistant Regional Director, Sarah Mallett, confirmed the decision in a letter to Rumble on Tuesday. However, the SEC has warned that this clearance does not completely exonerate the platform and that further action may result from the staff's investigation.
This development is part of a broader trend of regulatory clearances for social media platforms promoting free speech. The announcement regarding Rumble comes on the heels of a similar clearance for Truth Social, former President Donald Trump's social media platform. Truth Social announced last week that it had cleared its final regulatory challenge with the SEC, allowing it to merge with Digital World Acquisition Corp. after nearly two years of delays.