Svmuu News: U.S. Representative Ritchie Torres has asked the U.S. Securities and Exchange Commission (SEC) to investigate whether the upcoming Truth API from Trump Media & Technology Group (TMTG), the parent company of Truth Social, violates federal securities laws, and to assess whether it involves issues such as market manipulation, investor protection, and conflicts of interest.
According to previous reports, the Truth API is set to launch on August 1, providing paying customers with real-time access to public posts from popular Truth Social accounts, with licensing fees reaching up to $100,000 per month. (Axios)
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U.S. Lawmaker Calls on SEC to Investigate Truth API, Citing Possible Violations of Federal Securities Laws
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