Democratic Senators Elizabeth Warren and Adam Schiff urged the SEC on July 28 to investigate Trump Media & Technology Group’s « Truth API » service. This product provides institutional trading firms with millisecond-speed access to posts from Truth Social’s top 10 most-followed accounts, including Donald Trump’s, for roughly $100,000 per month. The lawmakers argue this creates a structural information asymmetry favoring institutional investors over retail investors. Trump controls approximately 41% of TMTG through a family trust, and the company trades on NASDAQ under the ticker DJT. The SEC, chaired by Paul Atkins, has not yet indicated whether it will act on the request.
Source: Read the original article
