Trump’s Truth Social Posts Will Hit Wall Street First, Giving a Financial Edge
Trump Media & Technology Group has launched a paid knowledge feed known as Truth API. It provides banks and buying and selling companies sooner entry to Donald Trump’s market-moving Truth Social posts.
The service goes reside August 1 and already has signed clients, the corporate stated.
Why Speed On Trump’s Posts Matters
Trump’s Truth Social posts have repeatedly jolted international markets. Recent examples embody his “Liberation Day” tariff announcements and commerce threats in opposition to China.
On April 9, 2025, Trump stated he would pause many new tariffs for 90 days. US shares turned sharply increased inside minutes of the submit.
Truth API will cowl the ten most influential Truth Social accounts and archive posts again to 2022. The platform’s most-followed customers embody Trump himself, his sons Donald Trump Jr. and Eric Trump, and allies like Dan Bongino and Sean Hannity.
TMTG’s interim CEO, Kevin McGurn, stated the feed targets companies with probably the most to lose from delayed data.
“We’re going to create a lot of friction for these of us that aren’t coming to us instantly.”
— Kevin McGurn, Reuters
Conflict Of Interest Questions
The Donald J. Trump Revocable Trust holds roughly 41% of TMTG inventory. Trump’s youngsters oversee that belief, which manages his investments. The presidents shut ties to the corporate, and his immense affect, places him in a place of energy to maneuver markets together with his social account.
Senator Ron Wyden, the highest Democrat on the Senate Finance Committee, criticized the launch. He has additionally beforehand criticized the ‘Trump Family Greed‘ in relation to crypto revenue disclosures. Wyden stated of the brand new API that it will enrich the Trump household and “make Wall Street merchants wealthy.”
Despite the criticism, and the apprent battle of curiosity, Dynamis legislation agency associate Robert Frenchman stated tiering entry doesn’t break federal securities legislation. However, he famous the observe nonetheless creates uneven odds for smaller merchants.
“It actually doesn’t appear truthful, however sure, a tech platform can tier its distribution of data with out violating federal securities legal guidelines,” Frenchman said.
TMTG has accused unnamed companies of scraping Truth Social knowledge for months. It calls that a breach of its phrases of service. The firm has beforehand batted down other Truth Social monetization rumors, together with discuss of a meme coin.
The launch provides to a sample of Trump-linked market moves drawing scrutiny over who income from data timing. Regulators haven’t stated whether or not tiered entry to a president’s posts raises new disclosure considerations.
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