SEC urged to probe Trump Media's Truth API on August 1 launch
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowSenators Elizabeth Warren and Adam Schiff have requested the SEC investigate Trump Media & Technology Group (TMTG) for potentially selling faster access to President Trump's Truth Social posts, which could violate laws against insider trading. TMTG's share price has fallen about 80% since its March 2024 trading debut. The new Truth API service is set to launch on August 1, 2025, and may charge up to $100,000 a month, which could benefit high-frequency trading firms. This raises concerns about the potential for market manipulation affecting ordinary investors and the integrity of capital markets.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
Get stories like this as they break
Our Telegram channel posts every market story the moment it is published. Free, and you can mute or leave anytime.
