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

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Representative Devin Nunes (R-CA) speaks during a House Intelligence Committee hearing on worldwide threats in Washington, D.C., April 15, 2021.

Al Drago | Pool | Reuters

Rep. Devin Nunes, R-Calif., will resign from Congress to become chief executive officer 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 press release from TMTG came hours after documents revealed that the SPAC that plans to merge with Trump’s company had been contacted weeks earlier 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 were up more than 7% in after-hours trading following the announcement that Nunes would join TMTG as CEO.

“I’m humbled and honored President Trump has asked me to lead the mission and the world class team that will deliver on this promise,” Nunes said in the press release.

A spokesman for the congressman did not immediately respond to CNBC’s request for comment.

This is breaking news. Please check back for updates.



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