Trump Media launches Truth API, selling millisecond‑fast post access
Trump Media & Technology Group rolled out a new premium data service called Truth API on Saturday. The service gives paying customers, primarily high‑frequency trading firms and other institutional users, millisecond‑fast access to posts on Truth Social, including those of President Donald Trump, for as much as $100,000 a month.
Critics say the offering creates a clear insider‑trading risk. Democratic senators Adam Schiff and Elizabeth Warren have asked the U.S. Securities and Exchange Commission to investigate whether the service violates securities laws. The company’s press office declined to comment on the propriety of the arrangement, referring questions to Trump Media’s legal team. Company officials estimate roughly 100 high‑frequency trading firms could subscribe, and the service could let traders profit from market‑moving policy announcements that Trump posts on the platform.
Trump is the largest shareholder of Trump Media, so the venture could generate significant personal profit for him while raising ethical concerns about the use of a public office for private gain.
Entities: Donald Trump · High‑frequency trading firms · Irene Aldridge · Joe Saluzzi · Kevin McGurn · Trump Media & Technology · Trump Media & Technology Group · Truth API · Truth Social · U.S. Congress
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] Trump Media & Technology Group will offer a service called Truth API that provides early access to Trump’s Truth Social posts to paying traders. (All three articles)
- [● 3 SOURCES] Trump has recently threatened policy changes on higher tariffs on Canada, ending a nuclear deal with Saudi Arabia, and widening the Iran war, which could affect markets. (All three articles)
- [● 3 SOURCES] The service is intended for Wall Street high‑frequency traders who may pay for the information. (All three articles)
- [● 9 SOURCES] The Truth API service is scheduled to begin on Saturday. (source)
- [● 11 SOURCES] About 100 high‑frequency trading firms might be willing to pay for the service. (source)
- [● 10 SOURCES] Critics argue the service raises insider‑trading concerns and may constitute misuse of public office. (source)
- [● 10 SOURCES] Irene Aldridge said that if a CEO of a public company provided such information it would be jail time. (source)
- [● 8 SOURCES] Trump’s press office declined to comment on the propriety of the new service. (Press office response)
- [● 8 SOURCES] Critics argue the service raises insider‑trading and conflict‑of‑interest concerns. (Criticism reported)
- [● 2 SOURCES] The service could allow Wall Street firms to profit from market‑moving policy announcements posted by Trump. (articles 1 and 2)
- [● 8 SOURCES] The service is marketed to hedge funds and high‑frequency trading firms. (Target audience described)
- [● 12 SOURCES] Trump Media & Technology Group announced a service called Truth API that offers millisecond‑fast access to President Trump's Truth Social posts. (source)