Trump Media Truth API data feed launches amid SEC scrutiny

Trump Media & Technology Group launched its paid information provender connected Saturday, giving fiscal firms faster entree to Truth Social posts from President Donald Trump and different apical accounts connected the platform, arsenic Democratic senators property the Securities and Exchange Commission to analyse whether the work violates national law, according to CNBC.

The service, branded Truth API, is designed to propulsion posts from Truth Social's highest-profile accounts to paying subscribers successful near-real time, the institution said. Trump Media has discussed charging up to $100,000 a period for access, with a reduced complaint of $60,000 a period for firms committing to a three-year agreement, according to NBC News. Trump Media said customers had already signed up earlier the motorboat date.

"Markets already determination connected Truth Social posts," interim CEO Kevin McGurn said successful a statement. "Truth API delivers a direct, licensed, real-time provender of the platform's astir market-moving Truths portion advancing our strategy to monetize proprietary assets done a high-margin, recurring gross stream."

On Truth Social, @realDonaldTrump commands the platform's biggest audience, with 13 cardinal followers. He has utilized the level passim his 2nd word to denote tariff decisions and large subject operations, often earlier making specified disclosures done different authoritative channels, according to NBC News. In high-frequency trading, wherever positions are opened and closed successful fractions of a second, arriving astatine market-moving accusation adjacent somewhat up of rivals tin output outsized returns.

Trump holds an astir 41% involvement successful the institution done a household trust, putting him successful enactment to payment financially arsenic subscriptions grow, regulatory filings show.

Sens. Elizabeth Warren of Massachusetts and Adam Schiff of California wrote to SEC Chair Paul Atkins past week urging the bureau to analyse whether Truth API runs afoul of insider trading and marketplace manipulation laws. The senators described the work arsenic "an outrageous maltreatment of the President's bureau for his idiosyncratic payment that undermines mundane investors and the integrity of our markets, portion enriching Wall Street and different affluent insiders." The SEC declined to comment.

Trump Media spokesperson Shannon Devine rejected that characterization. "Truth API offers customers the fastest mode to ingest publically disposable Truth Social data," Devine said successful a statement. "Critics indispensable person invented a caller mentation of 'insider trading' based connected publically disposable information."