Senators seek SEC probe of Trump Media data feed
Analysis based on 6 articles · First reported Jul 29, 2026 · Last updated Jul 29, 2026
The probe introduces regulatory uncertainty for Trump Media, potentially affecting its stock price and business model. If the SEC finds violations, it could lead to fines or restrictions on the data feed, impacting trading firms that rely on rapid access to Trump's posts.
Democratic Senators Elizabeth Warren and Adam Schiff have formally requested the United States — United States Securities and Exchange Commission (SEC) to investigate Trump Media & Technology Group (TMTG) over its plan to sell early access to President Donald Trump's Truth Social posts via a paid data feed called Truth API. The feed, set to launch August 1, would give trading firms the fastest access to posts from the 10 most influential Truth Social accounts, including Trump's. The senators argue this creates an uneven playing field and may violate securities laws, as Trump's posts have historically moved markets. TMTG has discussed charging up to $100,000 per month for the feed and has already signed up customers. Trump, who owns about 41% of TMTG, stands to benefit financially. The SEC, led by Chairman Paul Atkins, confirmed receipt of the letter but declined further comment. TMTG defended the product, stating it provides publicly available information. The United States — White House referred inquiries to the company.
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