Overview
- The Trump Media & Technology Group has proposed a paid “Truth API” that would give subscribers faster notification of posts from the ten most influential Truth Social accounts, a feed aimed at banks and trading firms.
- Reports say the service could cost up to $100,000 per month with a discounted $60,000 monthly rate for three-year contracts, according to people briefed on the plan.
- The proposal was presented last week and is reported to be scheduled to begin on August 1 if implemented, though the company has not publicly confirmed full details.
- Critics including Senators Elizabeth Warren and Ron Wyden and ethics groups call the plan unethical because President Trump holds a large stake in TMTG and his posts have previously moved markets, giving paying clients a potential information edge.
- Legal experts say existing insider-trading and anti-corruption rules may not clearly forbid selling accelerated access to public social posts, which leaves regulators and Congress as likely venues for any challenge or new rules.