Two American media groups filed a lawsuit challenging the sale of priority access to President Donald Trump's publications on his Truth Social platform, which often influence markets.
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13/08/2026
by
Lusa
A action, interposed Wednesday in New York by The Intercept and the Freedom of the Press Foundation, claims that this system is “corrupt and unconstitutional”.
The subscribers of this service allegedly have almost instant access to Trump's messages at Truth Social, a few crucial seconds before the general public.
For that, they must pay up to $100,000 a month, or $60,000 a month with a three-year contract, according to the action.
The Republican billionaire often uses the platform, of which his family owns, for important political announcements, from the latest developments in the war against Iran to new tariffs, which can cause significant falls or rises in markets.
“ This system is deeply corrupt. The President is in a position to make a financial profit by providing government information that influences the market for those who can pay their own company”, can be read in the complaint.
The Intercept, a non-profit news organization, and the Freedom of the Press Foundation, which maintains a database of publications in Truth Social, argue that this paid service hinders its ability to adequately cover Trump's actions.
“Fast access to the President’s publications is crucial for both groups,” they highlighted, asking the court to declare the illegal tool and block it.
Several members of the Democratic opposition requested an investigation by the US Securities Commission (SEC).
The Trump Media and Technology Group (TMTG) devalued product concerns, called Truth API, which was presented in mid-July.
Kevin McGurn, acting CEO, said this week that the Truth API was generating revenue from ten contracts with unidentified clients.
The Wall Street Journal reported that among the first subscribers were financial market brokers.
Meanwhile, TMTG announced on Monday a net loss of $238.1 million (EUR 206 million to the current exchange rate) in the second quarter of 2026, compared to just under 20 million (EUR 17.3 million) in the previous year due to the depreciation of its digital assets.
The President and his family face accusations, which Trump denies, of illicit enrichment and conflicts of interest since the beginning of his second term.
Between 2024 and 2026, Trump's personal fortune increased from 2.3 billion dollars to 6.5 billion (from EUR 2 billion to EUR 5.6 billion), according to Forbes.