Trump Media & Technology Group is charging hedge funds up to $100,000 a month for millisecond-early access to Donald Trump's market-moving Truth Social posts through a product called Truth API. The paid tier went live around August 1, 2026, after being first reported by Bloomberg on July 17, and buyers get the president's posts milliseconds before the public feed. Former SEC official Renée Jones says the arrangement likely violates insider trading rules, prompting Senators Elizabeth Warren and Adam Schiff to write SEC Chair Paul Atkins demanding scrutiny, while Chuck Schumer called it an 'earth-shattering scandal' and Mark Warner wrote six major financial trade groups urging members not to subscribe. Trump is the largest shareholder of Trump Media & Technology Group through a trust controlled by his son, Donald Trump Jr., and the company's stock surged 23% in July on the API news despite trailing revenue of just $3.73 million against a market cap near $2.73 billion.
Trump Media & Technology Group Corp.Truth API product generates subscription revenue from hedge funds, boosting demand for its service.
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