An article summarized by Axios:

Rep. Ritchie Torres (D-N.Y.) has asked the Securities and Exchange Commission (SEC) to investigate whether Truth Social's new Truth API service could violate federal securities laws. The product, set to launch on Aug. 1st, would allow paying Wall Street firms to receive President Trump's Truth Social posts in real time, with reports indicating licensing fees could reach $100,000 per month.

Torres argues that giving institutional investors faster access to the president's market-moving statements could create an unfair advantage over retail investors and potentially raise concerns about market manipulation and investor protection. He also urged the SEC to coordinate with other federal agencies to examine possible conflicts of interest and monitor for suspicious trading tied to presidential posts.

Trump Media & Technology Group defended the service, saying it simply provides the fastest access to publicly available information and rejected accusations of wrongdoing. The proposal has drawn bipartisan attention, with lawmakers from both parties suggesting the product will likely face regulatory and legal scrutiny as it enters uncharted territory for financial markets.

For the article: https://www.axios.com/2026/07/21/trump-truth-social-api-posts