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U.S. Senators Warren and Schiff urge the SEC to investigate Donald Trump the media company's sale of Donald Trump a service providing quick access to social media posts
U.S. Democratic Senators Elizabeth Warren and Adam Schiff have written to the U.S. Securities and Exchange Commission (SEC), urging it to investigate whether Donald Trump Trump Media & Technology Group (TMTG) has violated the law by selling fast-access services to posts by President Donald Trump on the Truth Social platform.The senators believe this move may constitute an abuse of the presidency, harm the interests of ordinary investors and undermine market integrity, and may involve insider trading and market manipulation.TMTG plans to launch this service, called “Truth API,” on August 1. The service will provide “real-time access to posts from the top-ranked Truth Social accounts,” with monthly fees reportedly as high as $100,000.Donald Trump The family is TMTG’s largest shareholder, and Donald Trump himself frequently posts policy statements or news updates on Truth Social that could influence global markets.
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