Trump Media & Technology Group is offering a premium service called "Truth API" that provides early access to Truth Social feeds. The Truth API service became available on Saturday, August 1, 2026.

The service costs up to $100,000 per month and provides early access to posts from high-profile users, including President Donald Trump. Trump Media & Technology Group states that customers have started signing up for the Truth API service.

Senators Elizabeth Warren and Adam Schiff sent a letter to the Securities and Exchange Commission on Wednesday requesting an investigation into the Truth API service. The letter from Senators Warren and Schiff described the service as "an outrageous abuse of the President's office for his personal benefit that undermines everyday investors and the integrity of our markets."

Renée Jones, a Boston College professor and former Securities and Exchange Commission official, stated that the paid offering appears to violate insider trading laws. "So if the president's Truth Social posts are being monetized, and if some people get special access to them, that's misappropriated information," Jones said.

He added that the arrangement breaches legal obligations held by the executive branch. "And by giving people his posts early, he is also violating his duty of trust and confidence," Jones said. He cited the 2012 Stock Act, which prohibits members of Congress and the executive branch from trading stocks based on privileged information.

Virginia Canter, a former SEC lawyer with the Democracy Defenders Fund, stated that channeling nonpublic information to Trump's media company normalizes insider trading. Canter stated that the product disadvantages regular investors who do not have the same access to information.

Shannon Devine, a spokeswoman for Trump Media & Technology Group, stated that offering early preview of posts does not amount to insider trading. "Truth API offers customers the fastest way to ingest publicly available Truth Social data," Devine said.

Devine rejected the characterization that the service provides an unfair advantage to specific market participants. "Critics must have invented a new theory of 'insider trading' based on publicly available information," Devine said.

Devine dismissed the senators' letter as partisan wrangling. "With no apparent sense of irony, certain politicians falsely accuse us of anti-free-market behavior while pressuring businesses into boycotting a product, all in a coordinated effort to harm a publicly traded company," he said.

The Securities and Exchange Commission declined to comment on the matter. NPR contacted 12 other major financial players, including brokers and hedge fund managers, none of whom would speak publicly about the service.

Why It Matters

The service creates a tiered information market where high-paying customers access presidential posts before the general public, raising potential violations of the 2012 Stock Act regarding privileged information. Legal experts argue this arrangement breaches the executive branch's duty of trust and confidence by monetizing nonpublic data for specific investors. If upheld, the model could normalize unequal access to market-moving information, disadvantaging regular investors who lack the resources to purchase such early feeds.