On August 1, Trump Media and Technology Group introduced the Truth API, an application programming interface aimed at delivering a licensed, real-time feed of impactful posts from Truth Social, particularly those from President Donald Trump.
Interim CEO Kevin McGurn emphasized that this service is designed to capitalize on the market influence of Trump's posts, which already affect market dynamics. Trump's account, with 13 million followers, is the most prominent on the platform, often sharing critical updates first.
However, the launch has drawn scrutiny from Democratic Senators Adam Schiff and Elizabeth Warren, who have called for an investigation by the Securities and Exchange Commission (SEC) into potential legal violations, suggesting that the service could exploit the President's office for personal gain and harm everyday investors. The SEC has not commented on the matter.
This development is significant as it not only represents a new revenue stream for Trump Media but also highlights ongoing tensions regarding the intersection of politics and market behavior