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GOP Rep. Devin Nunes resigns from Congress to become CEO of Trump’s media company

Rep. Devin Nunes, R-Calif., will resign from Congress to become chief executive of former President Donald Trump’s fledgling social media company next month, the group said Monday.

Nunes, the top Republican on the House Intelligence Committee, will start as CEO of Trump Media & Technology Group, or TMTG, in January, the firm said in a press release.

Nunes, who boasts being a dairy farmer, will begin his new career despite having no apparent prior experience working in the tech industry or as an executive.

The press release came hours after documents revealed that the special purpose acquisition company — or SPAC — that plans to merge with Trump’s company is being investigated by the Securities and Exchange Commission. The SEC and another regulator had asked the SPAC, Digital World Acquisition Corp. or DWAC, for information about the lead-up to the deal with TMTG being announced.

Shares of DWAC rose more than 7% in after-hours trading following the announcement that Nunes had been tapped to lead TMTG.

Nunes is just the second member of the 117th Congress to resign before the end of his term.

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