Overview
- TMTG has introduced Truth API, a paid feed that it says will deliver posts from Truth Social’s most influential accounts within milliseconds and that it has begun onboarding customers ahead of a scheduled Aug. 1 commercial launch for up to $100,000 per month.
- Rep. Ritchie Torres has formally asked the Securities and Exchange Commission to investigate possible securities‑law violations, market manipulation and to coordinate with the CFTC and Office of Government Ethics on conflicts tied to the product.
- Journalistic reviews and trade data show Trump’s posts have produced immediate, large trading reactions — for example, DTN data showed more than 2 million shares traded in the minute after two Iran‑related posts — and reporting says several high‑frequency trading firms have been pitched or have signed up for the feed.
- Regulatory filings show the Donald J. Trump Revocable Trust holds about 41% of TMTG, a stake that senators including Mark Warner say raises self‑dealing concerns and has led him to urge financial trade groups to reject the product.
- The coming days could see formal regulatory review or industry pushback that would determine whether the feed becomes a common, defensive cost for fast traders or is blocked by agencies or trade groups to protect broader market fairness and retail investors.