Trump Tests the Definition of Insider Trading
A new Truth Social subscription service is another way for the president to profit from his office.
TL;DR
- Trump Media and Technology Group launched Truth API, offering speedy access to "market-moving" posts from top Truth Social accounts.
- The service is aimed at investment firms willing to pay substantial subscription fees, promising an advantage over competitors.
- Critics suggest Truth API may violate insider-trading laws by providing non-public information before the general public.
- Legal scholars and experts are divided, with some questioning the applicability of current laws and others pointing out similarities to existing legal data feed services.
- The service represents a new revenue stream for Trump Media and another way for Donald Trump to potentially profit from his presidency.