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A significant—but author redacted—letter from a member of Congress was shared today on X, marking the first Congressional correspondence to the SEC under the new administration.

Community member Andrew posted the letter on X, which is addressed to newly confirmed SEC Chair Paul Atkins.

While the author’s name and signature have been redacted the letter has a stronger tone that previous ones.

Along with Andrew, credit should also be given to @MCNYmusic for helping to facilitate the letter.

Although Andrew has chosen to redact the name of the congressional representative, we have some guesses as to who this letter is from. We won’t speculate at this time until the name is revealed because we are assuming the redaction was done for a reason.

We asked AI to do a comparitive analysis of the tone of the letter compared to previous MMTLP letters.

The May 5, 2025, letter represents an escalation in tone from inquiry and oversight to direct accusation and accountability demands.

The language is no longer neutral or merely investigative — it is framed politically, assigning blame and implying mismanagement or wrongdoing.

It suggests the congressional author is not satisfied with prior responses from the SEC or FINRA and may be laying the groundwork for public hearings, subpoenas, or legislative action.

We can only hope so!

Once the author is posted publicly, we will add this to our Congressional Letter Archive.

A new change.org petition urges DOGE to audit MMTLP.

A new online petition started by Right Brain Trader is targeted at DOGE and asks for a forensic audit of MMTLP shares. The just-launched petition currently has 18 signatures at this posting.

LINK TO PETITION

Journalist and MMTLP advocate Kristen Shaughnessy posted recently about the pushback the SEC is giving DOGE for requesting any kind of trading data.

We need this audit. We need DOGE in the SEC with unrestricted access to bring this fiasco to a resolution.

Please sign the petition today and share this post on social media using the buttons on the social media buttons on the right side.

LINK TO PETITION

A fifty-six-page FOIA document is revealed which is a collection of emails and communications between SEC officials and Congressional staffers.

George Palikaras, former CEO of Meta Materials, who posted some of the correspondences on X, also provided a Dropbox link to the entire document. It can be found here.

Palikaras raises important questions and points in his tweet thread. Be sure to click on the above tweet so you can read the entire thread.

In short, the SEC and Congress communicated about MMTLP for a long time, and all our congressional outreach was basically being undermined by secret narratives.

Junk Saavy gave a quick recap on the FOIA’s and other news in her morning space that you can listen to below.

Community Member DrewDiligence posted a lengthy and informative tweet with his thoughts on the entire 56 pages of documents.

Want to submit your own FOIA (Freedom of Information Act) requests and get more data? Here’s a step by step guide by Kostas.

Keep in mind, as George Palikaras points out, not so many of them are actually getting approved. But let’s keep at it!

The MMAT bankruptcy case keeps delivering. A hedge fund that allegedly has 10 million naked shorts in MMTLP has just been issued a subpoena.

A new court order in the Meta Materials bankruptcy case grants the trustee’s request, requiring Anson Funds, a hedge fund, to send a representative to testify under oath about MMTLP.

Anson Funds is believed to hold approximately 10 million short positions in MMTLP and reportedly attempted to previously negotiate a buyback of the shares from Next Bridge (through Roth Capital) for $3,000,000.

Next Bridge previously informed FINRA that they had been contacted by organizations seeking to purchase significantly more shares than the 2.65 million short positions FINRA had acknowledged. This new information supports that claim.

The new court document is posted here.

The archive of all court documents for this case is located here.

The previous article that discusses this case is here.

Further reading is available with the post from Kristen Shaughnessy below.

We still need Congress and/or DOGE to fully investigate the MMTLP case so that shareholders can be paid. WE NEED A SHARECOUNT. Keep the pressure on. Use our Advocacy section for help.

We’ve added a repository with all of the court documents, including the 9 subpoena documents for the Meta Materials bankruptcy case.

This case is regarding Meta Materials but directly relates to our MMTLP situation.

You can access more information on the case and the link from this recent news article. Or skip directly to the documents here.

Special thanks to community member Kkep for helping to provide these documents to us.