Trump Media & Technology Group is launching Truth API on August 1, 2026, to sell Wall Street firms millisecond-level access to market-moving posts from top accounts, including President Donald Trump's. While legal experts note that tech platforms can legally tier information and that the president is exempt from federal conflict of interest laws, critics and Democratic politicians have denounced the service as brazen corruption and an unprecedented monetization of the presidency.
Truth API launch
- ▪Trump Media & Technology Group announced on July 16, 2026, that it plans to launch Truth API, a paid data feed providing high-speed access to top Truth Social posts starting in August 2026
- ▪Trump Media & Technology Group announced the launch of a paid data feed called Truth API, also referred to as Truth PSI, to provide high-speed access to posts from top Truth Social accounts
- ▪Trump Media & Technology Group has already signed up customers for the Truth API service ahead of its launch, though the company has not publicly disclosed the pricing details
- ▪The Truth API service is designed to deliver posts from Truth Social's 10 most influential accounts to algorithmic trading firms and other institutional customers milliseconds faster than manual monitoring or standard push notifications
- ▪The Truth API service is scheduled to launch on August 1, 2026, and will deliver posts from the platform's most influential accounts to institutional customers in milliseconds
Trump Media stock decline
- ▪Trump Media & Technology Group's stock price has declined by more than 70% since Donald Trump took office, erasing $6 billion in shareholder wealth and falling from its March 2024 Nasdaq debut close of $57.99 to $9.63 on July 16, 2026
- ▪To counter financial losses exceeding $1 billion over the past two years, Trump Media & Technology Group has attempted to diversify its business by expanding into cryptocurrency, streaming, financial services, and nuclear fusion
Truth PSI paid access service
- ▪Trump Media & Technology Group has discussed charging financial traders and investors up to $100,000 per month for the Truth API service
- ▪The Truth PSI service will operate 24 hours a day, seven days a week, and Trump Media plans to block unauthorized data copying
Market-moving presidential posts
- ▪Donald Trump's posts on Truth Social regarding tariffs, trade restrictions, and the Iran war have repeatedly triggered sudden fluctuations and volatility in global financial and oil markets
- ▪Donald Trump regularly uses Truth Social to post market-moving statements, including announcements regarding tariffs, the Iran war, and a message to traders in April 2025 stating it was a "GREAT TIME TO BUY" hours before pausing tariffs
- ▪The highest-ranking accounts on Truth Social by follower count belong to Donald Trump with 12.9 million followers, followed by his sons Donald Trump Jr. and Eric Trump
- ▪In March 2026, traders made bets worth half a billion dollars in the oil market approximately 15 minutes before Donald Trump posted on Truth Social about productive talks with Iran
- ▪On April 9, 2025, Wall Street's main indexes turned sharply higher after Donald Trump posted on Truth Social that he would pause many of his new tariffs for 90 days
Trump family financial interests
- ▪Donald Trump owns approximately 41% of Trump Media & Technology Group through a revocable trust, while his family remains the majority shareholder of the company
- ▪Donald Trump's annual financial disclosure showed he took in more than $1 billion in revenue in 2025, including $500 million from the World Liberty Financial cryptocurrency venture
- ▪Donald Trump's mandatory financial disclosure with the US Office of Government Ethics showed he earned $2.2 billion in total during his first year back in office, including more than $1.4 billion from cryptocurrency ventures
Democratic corruption allegations
- ▪California Governor Gavin Newsom publicly criticized the Truth API program, calling it a grift and accusing Donald Trump of selling early access to market-moving information
- ▪Democratic Senators Ron Wyden, Adam Schiff, and Richard Blumenthal criticized the Truth API program, characterizing it as a scheme to enrich Wall Street traders and profit off the presidency
- ▪Government conflict of interest expert Kathleen Clark stated that selling expedited access to presidential information is an improper exploitation of government power, though US conflict of interest laws exclude the president and vice-president
Insider trading allegations
- ▪Democratic Representative Jason Crow accused Donald Trump of making money off insider trading through the Truth API program
- ▪Allegations of insider trading and conflicts of interest have proliferated under the second Trump Administration, drawing scrutiny to Donald Trump's business earnings and cryptocurrency ventures
Presidential conflict of interest
- ▪Unlike previous U.S. presidents who voluntarily divested assets or established blind trusts to avoid conflicts of interest, Donald Trump has refused to do so
- ▪Conflict of interest laws prohibit federal executive branch employees from participating in government matters affecting their financial interests, but the President and Vice President are legally exempt
Story comments
Loading comments…