Trump Media & Technology Group (TMTG) is rolling out a paid data feed called Truth API, giving banks and trading firms faster access to Donald Trump's Truth Social posts. The service goes live August 1 and already has signed customers, the company said.
Why Wall Street is watching
Truth Social posts have repeatedly jolted global markets. On April 9, Trump posted that he would pause many new tariffs for 90 days — US stocks turned sharply higher within minutes. Earlier, posts tied to so-called 'Liberation Day' tariff announcements and trade threats against China triggered sharp swings. The new API will cover the 10 most influential Truth Social accounts, including Trump, Donald Trump Jr., Eric Trump, Dan Bongino, and Sean Hannity. It will also archive posts back to 2022.
The money behind the feed
TMTG interim CEO Kevin McGurn said the feed targets firms with the most to lose from delayed information. The Donald J. Trump Revocable Trust holds roughly 41% of TMTG stock, and Trump's children oversee that trust. That means any revenue from Truth API flows directly to the Trump family's holdings.
Critics cry foul
Senator Ron Wyden (D-Ore.) criticized the launch, saying it would enrich the Trump family and make Wall Street traders rich. Dynamis law firm partner Robert Frenchman said tiering access does not break federal securities law, but it creates uneven odds for smaller traders. TMTG has accused unnamed firms of scraping Truth Social data for months, calling it a breach of terms of service — the API appears to be their answer to that problem.
Regulators have not said whether tiered access to a president's posts raises new disclosure concerns. That silence leaves a key question unanswered: if a sitting president's social media can move markets, should everyone get the same speed of access?
