Trump Media & Technology Group has launched a paid data feed called Truth API. It gives banks and trading firms faster access to Donald Trump’s market-moving Truth Social posts.
The service goes live August 1 and already has signed customers, the company said.
Why Speed On Trump’s Posts Matters
Trump’s Truth Social posts have repeatedly jolted global markets. Recent examples include his “Liberation Day” tariff announcements and trade threats against China.
On April 9, 2025, Trump said he would pause many new tariffs for 90 days. US stocks turned sharply higher within minutes of
Truth API will cover the 10 most influential Truth Social accounts and archive posts back to 2022. The platform’s most-followed users include Trump himself, his sons Donald Trump Jr. and Eric Trump, and allies like Dan Bongino and Sean Hannity.
TMTG’s interim CEO, Kevin McGurn, said the feed targets firms with the most to lose from delayed information.
“We’re going to create a lot of friction for those folks that aren’t coming to us directly.”
— Kevin McGurn, Reuters
Conflict Of Interest Questions
The Donald J. Trump Revocable Trust holds roughly 41% of TMTG stock. Trump’s children oversee that trust, which manages his investments. The presidents close ties to the company, and his immense influence, puts him in a position of power to move markets with his social account.
Senator Ron Wyden, the top Democrat on the Senate Finance Committee, criticized the launch. He has also previously criticized the ‘Trump Family Greed‘ in relation to crypto profit disclosures. Wyden said of the new API that it would enrich the Trump family and “make Wall Street traders rich.”
Despite the criticism, and the apprent conflict of interest, Dynamis law firm partner Robert Frenchman said tiering access does not break federal securities law. However, he noted the practice still creates uneven odds for smaller traders.
“It certainly does not seem fair, but yes, a tech platform can tier its distribution of information without violating federal securities laws,” Frenchman said.
TMTG has accused unnamed firms of scraping Truth Social data for months. It calls that a breach of its terms of service. The company has previously batted down other Truth Social monetization rumors, including talk of a meme coin.
The launch adds to a pattern of Trump-linked market moves drawing scrutiny over who profits from information timing. Regulators have not said whether tiered access to a president’s posts raises new disclosure concerns.
Source: BeInCrypto
