Overview
- Trump Media announced Truth API as a paid, low-latency data feed that will deliver posts from Truth Social’s top accounts in milliseconds and is scheduled to begin commercial service on Aug. 1, 2026.
- The company has discussed charging firms up to $100,000 per month with a reported $60,000 discounted rate for multiyear deals, and it says it has already signed customers including several high-frequency trading firms.
- Regulatory filings show the Donald J. Trump Revocable Trust holds roughly 41 percent of TMTG, which critics say means subscription fees would indirectly benefit President Trump and his family.
- Bipartisan lawmakers have escalated scrutiny: Senator Mark Warner urged major financial trade groups to reject the feed and Representative Ritchie Torres asked the SEC to open an investigation into possible securities-law and conflict-of-interest concerns.
- Market and legal experts say the product formalizes an existing practice of trading on presidential posts by supplying a paid millisecond edge to institutional algorithms, creating questions about market fairness and regulatory gaps that could prompt broader action affecting data vendors and trading firms.