Trump Media & Technology Group (TMTG) has introduced a new paid data service designed to give financial firms rapid access to posts from Truth Social. The announcement comes amid reports that some Wall Street firms were offered premium subscriptions costing as much as $100,000 per month, though the company has not publicly confirmed any pricing.

New Service Targets Financial Markets

The new product, called Truth API, is a licensed data feed that provides subscribers with near real-time access to posts from some of the platform’s most influential accounts. TMTG says the service is aimed at banks, investment firms, and trading companies that rely on fast access to market-moving information.

Reports of Premium Pricing

According to multiple reports, TMTG discussed subscription packages that could cost up to $100,000 per month, with discounted long-term contracts also reportedly being offered. However, when announcing the service, the company did not disclose official pricing, and it has not publicly confirmed the reported figures.

Why Investors Are Paying Attention

President Donald Trump’s social media posts have, at times, influenced financial markets by signaling policy changes or major announcements. For high-frequency trading firms, receiving information even milliseconds faster than competitors can provide a significant advantage when executing trades.

Democrats Raise Ethics Concerns

Several Democratic lawmakers criticized the new service, arguing it could create the appearance that financial firms are paying for faster access to information from a sitting president. Senator Ron Wyden and Senator Elizabeth Warren questioned whether the arrangement could financially benefit Trump’s family while giving Wall Street firms an advantage over other investors.

Ethics experts say the proposal raises important questions, but they also note that no court or regulator has determined the arrangement to be illegal. Some analysts argue existing ethics and securities laws were not written with this type of commercial data service in mind, leaving legal interpretations uncertain.