President Trump's Social Media Posts Spark Insider Trading Concerns
President Trump's use of social media, particularly through his platform Truth Social, is raising questions about potential insider trading. The launch of Truth API, a service offering rapid access to Trump's market-moving posts, has drawn scrutiny from lawmakers and legal experts. The service, aimed at investment firms, promises faster access to Trump's posts, which have been known to influence stock prices. Critics argue that this could give certain traders an unfair advantage, potentially violating insider trading laws. Senators Elizabeth Warren and Adam Schiff have called for an investigation by the Securities and Exchange Commission (SEC) to determine if the service breaches legal standards.