Trump Media & Technology Group (TMTG) has made a strategic move by launching the paid Truth API service. This tool provides major banks and trading firms with direct, early access to Donald Trump's posts on his social network Truth Social. Starting August 1, 2026 (as planned), insider information will be sold to those willing to pay for it, fundamentally changing the rules of the game in financial markets.
Why the speed of reaction to Trump's posts is a matter of billions
Markets have long learned to react to every statement by the 47th U.S. president. Suffice it to recall April 9, 2025: Trump's announcement of a 90-day suspension of most new tariffs caused an immediate surge in U.S. indices. Now, TMTG has decided to monetize this volatility by directly selling data on the platform's 10 most influential accounts, including Trump himself, his sons Donald Jr. and Eric, as well as key allies like Dan Bongino and Sean Hannity. The archive of posts is available from 2022.
Conflict of interest or a new market reality?
This raises an obvious ethical question. Trump's family trust owns about 41% of TMTG shares, and his closest relatives manage the assets. So, the platform's creator directly influences stock prices through a personal blog, and now he is also selling this "insight" to a select few. Democratic Senator Ron Wyden has already called this "the Trump family's greed" and noted that "other Wall Street traders" will profit from it.
However, as Dynamis law firm partner Robert Frenchman rightly noted, different speeds of access to information do not violate federal securities laws. The platform has every right to manage its data. But he also added an important nuance: this approach widens the gap between large and small players. Those who cannot afford Truth API will receive information with a delay.
My comment as an analyst
This is a precedent that legalizes "information inequality" at a new level. If traders previously relied on monitoring public posts, TMTG has now created a paid VIP access to what is essentially the primary source of market movements. This is not a violation of the law, but it is a challenge to the concept of equal access to information. The cryptocurrency market, where volatility from Elon Musk's tweets has already become a meme, should closely watch this case—it could become the new norm for all public figures whose words influence stock prices.