1. United States
  2. Maine
  3. Letter

Investigate Trump Media's Truth API as Insider Trading

To: Rep. Pingree, Sen. Collins, Sen. King

From: A constituent in Damariscotta, ME

August 2

Support the Warren-Schiff request for an SEC investigation into Trump Media's "Truth API" — a paid service that gives Wall Street firms millisecond-early access to the president's market-moving posts before ordinary investors can see them. This is insider trading with a subscription model. Trump uses Truth Social to announce tariffs, military operations, and major policy shifts. Those announcements move markets. TMTG's own CEO described the product as "a direct, licensed, real-time feed of the platform's most market-moving Truths." That's not a tech product — that's selling a government information advantage to the highest bidder. Trump owns 41% of TMTG, so he profits directly every time a hedge fund subscribes. Everyday investors are being front-run by firms that paid for faster access to the president's words. The SEC exists precisely to prevent this kind of market manipulation. Push the agency to act now.

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