Trump Media & Technology Group (TMTG) has begun selling early access to posts from high-profile Truth Social accounts, including the president’s, through a premium service called Truth API. The offering allows institutional investors to view posts before they are publicly released, potentially giving them a financial advantage in trading decisions.
A senior White House aide was placed on unpaid leave after it was reported he profited from advance knowledge of Trump’s speeches. Gabriel Perez, a teleprompter operator, allegedly made six-figure earnings betting on the contents of Trump’s speeches, which he could read in advance due to his role. The White House confirmed Perez was placed on leave pending an investigation.
The Truth API service provides subscribers with early access to posts from influential Truth Social users, including @RealDonaldTrump, for fees ranging up to $100,000 per month. The service is marketed to institutional investors, particularly those engaged in high-frequency trading, where even milliseconds of advantage can translate to significant financial gains. TMTG has stated that customers have already begun signing up for the service, which launched on Saturday.
Legal and ethical concerns have been raised by securities experts regarding the legality of the Truth API. Renée Jones, a former top official at the U.S. Securities and Exchange Commission (SEC), suggested the paid offering may violate insider trading laws or SEC regulations. Critics argue that the service could enable market manipulation by allowing select investors to act on information before it becomes public.
The White House has not publicly commented on the Truth API service but has distanced itself from Perez’s alleged trading activity. Press Secretary Karoline Leavitt described Perez’s behavior as a “disgrace” and confirmed he was placed on unpaid leave. Trump Media & Technology Group, which owns Truth Social, has not responded to requests for comment on the legal or ethical implications of the service.
Financial industry professionals have largely avoided speaking publicly about the Truth API due to concerns about potential retaliation from the Trump administration. An anonymous Wall Street executive described the service as “insane” and noted that most major financial firms are not participating. The lack of public endorsements from industry leaders underscores the sensitivity surrounding the offering.
The development comes amid broader scrutiny of Trump’s financial ventures, including his ownership stake in TMTG. As of the end of 2025, Trump held approximately 40% of the company through a personal trust. Truth Social, launched in 2022 after Trump was banned from major social media platforms, has become a central platform for his communications, including policy announcements that often move markets.
Securities analysts have previously noted that Trump’s Truth Social posts can have an outsized impact on financial markets. A report from Fortune last year highlighted that the president’s social media activity sometimes outweighs traditional economic data in influencing investor behavior. The Truth API service could formalize this dynamic by monetizing the timing of information dissemination.
The White House has not indicated whether it plans to regulate or scrutinize the Truth API service. The SEC has also not issued a formal statement regarding the offering, leaving its legal status unresolved. The lack of regulatory clarity has left market participants uncertain about the long-term viability of the service.