Democrats Investigate Trump Media's Sale of Access to President's Posts
The Trump Media and Technology Group has launched a new service called 'Truth API,' which offers Wall Street firms access to market-moving posts from President Trump's social media platform, Truth Social. This service, which costs $100,000 per month, provides subscribers with a direct, real-time feed of significant posts. The initiative has sparked controversy, with Democratic leaders, including Senate Minority Leader Chuck Schumer, criticizing it as a form of insider trading. They argue that it allows financial institutions to gain an unfair advantage by accessing presidential declarations before the general public. The service's legality is under scrutiny, with Democratic Senators Adam Schiff and Elizabeth Warren urging the Securities and Exchange Commission to investigate.