Selling early access to Trump Truth Social posts is illegal, ex-prosecutors say
Summary
A group of 53 former federal prosecutors and agents told a court that President Trump's media company may be breaking federal laws by selling early access to his Truth Social posts to Wall Street investors. This issue is part of a lawsuit claiming the practice is unconstitutional and could violate laws against insider trading and corruption.Key Facts
- President Trump's media company launched the Truth API, which gives paying Wall Street investors early access to his Truth Social posts.
- The company charges $100,000 for "real-time access" to posts from top Truth Social accounts.
- A lawsuit filed by the Intercept and Freedom of the Press Foundation argues this early access is unconstitutional.
- The lawsuit names President Trump, his aides, and the White House as defendants.
- Former federal prosecutors say selling early access could break laws against insider trading, illegal gifts, conflicts of interest, and trade secrets violations.
- They warn that anyone buying this early access could also face criminal charges.
- A hearing on the lawsuit’s request to stop the early access service will happen on October 7 in Manhattan.
- The brief supporting the lawsuit was signed by notable former prosecutors and law experts who have previously worked in government.
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