Woofun AI reports that U.S. Representative Ritchie Torres has formally requested the Securities and Exchange Commission to investigate Trump Media & Technology Group regarding its upcoming Truth API. The inquiry focuses on potential violations of federal securities laws, including allegations of market manipulation, inadequate investor protection, and conflicts of interest. Truth Social’s parent company plans to launch the API on August 1, offering paid clients real-time access to public posts from prominent accounts with licensing fees reaching $100,000 per month.