Trump Media and Technology Group has begun selling early access to President Donald Trump’s social media posts to Wall Street firms. The company, which owns Truth Social, has signed over 10 customer agreements, mostly with high-frequency trading companies, to provide instant access to Trump’s posts for a fee of $60,000 to $100,000 per month.

Early Access to Market-Moving Announcements

The direct link to Trump’s social media posts gives Wall Street firms a leg up over retail traders, as they can react to market-moving announcements before the general public. Trump often announces policy decisions on his social media platform, sometimes even before his own administration is aware. This instant access could give high-frequency trading firms a significant advantage in the market.

Trump Media’s interim CEO, Kevin McGurn, announced that the company is in active conversations to grant Truth API access to news organizations and AI companies. The company believes this can grow into a meaningful and durable contributor to its revenue.

Regulatory Scrutiny

However, the plan has drawn scrutiny from Democratic Sens. Elizabeth Warren and Adam Schiff, who have urged federal regulators to investigate whether Trump Media’s plan to give Wall Street firms access to Trump’s social media posts is legal. They described the plan as a ‘shocking abuse of the office of the President’ and called for the Securities and Exchange Commission to determine if the arrangement violates federal securities law.

Original reporting: KTVZ (Central Oregon) — read the source article.