President Donald Trump was sued in federal court over a Truth Social service that sells Wall Street traders early access to his posts on tariffs, war, and other market-moving policy — for a six-figure price. The lawsuit was filed by the Freedom of the Press Foundation and news outlet The Intercept in New York federal court.

Details of the Lawsuit

The plaintiffs allege the Truth API service offered by the Trump Media and Technology Group (TMTG) is in direct violation of the Constitution and that information released by Trump should be available to everyone simultaneously. Trump’s deputy chief of staff Daniel Scavino and his executive assistant Natalie J. Harp are also named as defendants.

The monthly subscription was rolled out on Aug. 1 and charges Wall Street firms an eye-watering monthly fee of $60,000 to $100,000 in exchange for early access to market-moving posts from Truth Social accounts with large followings, including Trump’s own account with 13 million followers.

Response to the Lawsuit

Kevin McGurn, interim CEO of TMTG, said in a statement, ‘Truth API delivers a direct, licensed, real-time feed of the platform’s most market-moving Truths while advancing our strategy to monetize proprietary assets through a high-margin, recurring revenue stream.’

Media expert Kaivan Shroff told Fox News Digital that Trump’s financial stake in the company could harm his defense in the case. ‘Trump’s financial stake matters legally here because it gives the plaintiffs a much stronger argument that the alleged preferential treatment isn’t serving some legitimate government purpose, but instead a private financial interest,’ Shroff said.

Original reporting: Fox News (HLL/CB) — read the source article.