Trump Media & Technology Group launched its paid data feed, Truth API, on Saturday, giving financial firms faster access to Truth Social posts from President Donald Trump and other top accounts, as Democratic senators press the SEC to investigate whether the service violates federal law. The company has discussed charging up to $100,000 a month for access, with a reduced rate of $60,000 a month for firms committing to a three-year agreement, and said customers had already signed up before the launch. Senators Elizabeth Warren and Adam Schiff wrote to SEC Chair Paul Atkins last week urging an investigation into whether Truth API runs afoul of insider trading and market manipulation laws, describing it as an outrageous abuse of the President's office for personal benefit. Trump Media spokesperson Shannon Devine rejected that characterization, stating that the feed offers the fastest way to ingest publicly available Truth Social data. Legal experts, including former senior SEC official Renée Jones, have raised concerns that selling premium access to a feed the president uses to release government decisions could violate federal securities law and the 2012 Stock Act.
Trump Media & Technology Group Corp.SEC scrutiny and potential legal violations over Truth API data feed.