Trump Media & Technology Group announced on 16 July that it will launch a paid data feed called Truth API on 1 August, giving banks, hedge funds and high-frequency trading firms machine-readable access to posts from the ten highest-ranking accounts on Truth Social. The feed will deliver posts to paying clients "in milliseconds", the company said, replacing the need for traders to monitor the app manually.
The accounts covered include President Trump's @realDonaldTrump, the official @WhiteHouse account, FBI Director Kash Patel, White House deputy chief of staff Dan Scavino, and Health and Human Services Secretary Robert F. Kennedy Jr., according to Quartz. The company has not disclosed the price.
"Markets already move on Truth Social posts," Kevin McGurn, Trump Media's interim chief executive, said in a statement. He added that the company expected Truth API to become "a meaningful, ongoing source of revenue for the company, creating lasting value for shareholders."
What is actually being sold
The product is a licensed data feed — an application programming interface, or API. It is the same model used by X (formerly Twitter), Reddit and other platforms that sell machine-readable access to their content. Other social networks already charge data providers and institutional clients for API access.
The difference here is the source. Trump has used Truth Social to make major announcements about tariffs, the Federal Reserve, and the Iran conflict — posts that have caused immediate and significant moves in stocks, bonds and currencies. Until now, banks and news organisations tracked those posts by monitoring the app. The API automates that process and delivers the data in milliseconds rather than seconds.
Trump Media told Axios that certain firms had spent months pulling Truth Social data without authorization, running afoul of its terms of service. The official feed, the company argues, simply regularises a practice that was already happening.
Who gets it first
Paying institutional clients — specifically financial news organisations and high-frequency trading firms, the company said. The posts reach these clients at the same moment they are published, but in a machine-readable format that algorithmic trading systems can act on immediately. For a high-frequency trading firm, a millisecond advantage in parsing a presidential statement about tariffs is commercially valuable.
The general public will continue to see the same posts at the same time on Truth Social. The feed does not give subscribers posts before they are published — it gives them the posts faster than a human scrolling a feed could process them.
The regulatory question
No securities regulator has issued a statement on Truth API. The SEC has not commented.
What exists is commentary from former officials and lawyers. Tyler Gellasch, a former SEC official, told the New York Times there was "little doubt" there would be appetite for faster access to Trump's posts. A securities lawyer quoted by Yahoo Finance said it "certainly does not seem fair" but that "a tech platform can tier its distribution of information without violating federal securities laws".
CNBC senior economics reporter Steve Liesman told Fox News the arrangement made him want to "literally puke". A Truth Social spokesperson called the criticism "ill-informed".
The ethical question centres on the president's financial interest. Trump is the largest shareholder in Trump Media & Technology Group, whose stock trades under the ticker DJT. The Washington Post described the move as opening "an unprecedented new way the president could profit from his office." The Guardian, reporting via the Associated Press, quoted critics denouncing the plan as "brazen corruption".
The tariff precedent
The coverage sits against a previously reported episode. Financial disclosures reviewed by multiple outlets showed that on 8 April 2025 — six days after Trump announced sweeping tariffs that sent markets spiralling — Trump made 327 stock purchases, including between $100,001 and $250,000 in shares each of Alphabet, Amazon, Apple, Microsoft and Nvidia. The following day, on 9 April, he posted on Truth Social: "THIS IS A GREAT TIME TO BUY!!!" — shortly before announcing a 90-day pause on the tariffs. That reporting came from the Independent and Yahoo Finance, based on financial disclosure documents.
What is not established
The price of the feed has not been disclosed. Trump Media did not respond to questions from the New York Times about which specific accounts would be included or whether posts would be verified before distribution. It is not known whether the company has consulted the SEC or the Department of Justice on the arrangement. The White House and TMTG did not respond to requests for comment from MS NOW.
