Trump's company sells traders a head start on his market-moving posts

Trump Media & Technology Group announced Truth API on July 16, 2026, a business-to-business data feed selling licensed, real-time access to posts from the highest-ranking Truth Social accounts, and made it available to institutional customers on August 1. The company said the feed delivers posts in milliseconds using industry-standard methods, runs 24 hours a day, includes a historical archive of posts dating to 2022, and is designed for high-frequency and algorithmic trading firms "most impacted by the cost of a delay in information." It said customers had already signed up ahead of the launch and did not name them. Announcing the product, interim chief executive Kevin McGurn said, "Markets already move on Truth Social posts," and described the feed as delivering "the platform's most market-moving Truths while advancing our strategy to monetize proprietary assets through a high-margin, recurring revenue stream." Senators Elizabeth Warren and Adam Schiff described the product as giving banks and trading firms the fastest access to the 10 most influential Truth Social accounts, including the president's, for a monthly subscription of $60,000 to $100,000, and said Trump owns roughly 41 percent of the company. Trump is Trump Media's largest shareholder through a trust controlled by his eldest son, Donald Trump Jr., according to regulatory filings, and he regularly announces or hints at government policy on the platform. Days before the launch, Warren and Schiff asked SEC Chair Paul Atkins to determine whether the arrangement violates federal securities law, calling it "an outrageous abuse of the President's office for his personal benefit that undermines everyday investors and the integrity of our markets." The Securities and Exchange Commission declined to comment, and the service went live on schedule. Renée Jones, a Boston College professor and former senior SEC official, said the offering appears to run afoul of insider trading laws, because monetizing the president's posts and giving some buyers early access makes the information misappropriated; she also noted that Trump's lawyers could argue that announcing the service openly makes it neither deceitful nor fraudulent. Virginia Canter, a former SEC lawyer now at Democracy Defenders Fund, said the product disadvantages regular investors who lack the same access to information. Shannon Devine, a spokeswoman for Trump Media, said the service "offers customers the fastest way to ingest publicly available Truth Social data" and that "critics must have invented a new theory of 'insider trading' based on publicly available information," and dismissed the senators' letter as an effort to harm a publicly traded company. NPR contacted 12 other major finance firms, brokers and hedge fund managers about the service; none would speak publicly, with some citing the risk of retaliation.