Woofun AI reports that Trump Media & Technology Group will launch the paid Truth API service on August 1st. The platform provides banks and algorithmic trading firms with real-time feeds from the ten most influential Truth Social accounts, including Donald Trump. TMTG states the service offers transmission speeds significantly faster than standard notifications, along with 24/7 coverage and historical archives dating back to 2022. The company confirmed that client agreements are already signed. This initiative marks TMTG’s first entry into data licensing, aiming to monetize the market impact of Trump’s posts. U.S. Senator Ron Wyden criticized the move, arguing it may benefit the Trump family and provide Wall Street traders with an unfair advantage.

However, legal experts noted that tiered information distribution by a tech platform does not inherently violate federal securities laws.