Trump Media & Technology Group (TMTG) announced on July 16 that it will launch a paid service called "Truth API" starting August 1, delivering posts from former President Donald Trump's social media platform Truth Social to institutional investors in real time. The service promises millisecond-speed delivery of posts from top accounts including @realDonaldTrump and the official White House account, along with an archive of posts dating back to 2022.
The API is a B2B data feed designed for financial institutions that have long struggled to manually track Trump's posts, which have repeatedly moved markets. Trump has used Truth Social to announce major policy shifts such as tariff changes and military operations related to Iran, triggering sudden swings in stocks and bonds. With no official API previously available, firms relied on manual monitoring, creating a lag that the new service aims to eliminate.
Criticism over conflicts of interest
The arrangement has drawn sharp criticism, with some commentators calling it "close to official insider trading." Critics note that a company founded by Trump himself is selling early access to the president's market-moving communications, raising concerns about conflicts of interest and potential personal financial gain. U.S. media have pointed out that this creates a new channel for Trump to profit from his presidency.
Impact on crypto markets
The 24/7 cryptocurrency market is among the fastest to price in Trump's posts. Past tariff-related messages have caused Bitcoin (BTC) to swing sharply. The millisecond-level delivery could widen the information gap between well-funded institutions and retail traders, who may not have access to the same speed. As a result, the service is drawing attention from crypto traders, who see it as an unprecedented financial data product tied directly to presidential communications.