Democratic Senator Urges Wall Street to Reject Early Access to Trump Posts
A top Democratic U.S. senator has urged banks and trading firms to reject a new product offering early access to posts on President Donald Trump's Truth Social platform. The senator warned that this creates a 'very troubling form of information asymmetry' for government policies. The product, unveiled by Trump Media & Technology Group (TMTG), offers a paid, licensed data feed that provides 'the fastest' access to posts from influential Truth Social accounts, including Trump's. These posts have the potential to move global markets. Despite the offer, major Wall Street banks have shown little interest in acquiring the API, citing political risks associated with paying for access to government official communications. Senator Mark Warner, a senior Democrat on the Senate Intelligence Committee, has called on financial industry trade groups to disavow the arrangement, arguing it allows Trump to profit from government policy announcements.