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Tue, 04 Aug 2026

Tue, 04 Aug 2026 Why Trump Media's sale of fast access to market-moving social posts is controversial

Trump Media & Technology Group (TMTG) has set up a paid service to give Wall Street firms access to Truth Social's most influential accounts.

* The service is designed for high-frequency and algorithmic trading firms, which can use the data to make quick trades based on the president's statements.
* TMTG says the service will create a new revenue stream for the company, but critics argue that it could facilitate insider trading and raise ethical concerns given that Trump's family remains the majority shareholder of TMTG.
* The Securities and Exchange Commission (SEC) has received a letter from Democratic Senators Elizabeth Warren and Adam Schiff asking whether Truth API breaks the law, but the SEC has declined to comment on any potential investigation.
* Some critics argue that similar data providers already exist, making it unclear what new or unique value Truth API offers.