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July 29, 2026
Senators Warren and Schiff Request SEC Investigation into Trump Media's Truth API Launch
- Senators Elizabeth Warren and Adam Schiff have formally urged the SEC to investigate Trump Media's Truth API, citing potential violations of insider trading laws.
- They requested a legal analysis of the service before its launch on August 1, emphasizing concerns about market manipulation and ethical violations.
- The Truth API will provide trading firms with paid access to Trump's posts, potentially costing up to $100,000 per month.
3 Sources
- US Democratic lawmakers press SEC to probe Trump Media's fast feedJul 29, 2026 at 1:09 PM · Reuters
- Democratic lawmakers urge SEC to investigate Trump’s Truth Social fast feedJul 29, 2026 at 2:15 PM · Independent
- Warren, Schiff urge SEC to probe Trump Media's paid service giving faster access to Trump's postsJul 29, 2026 at 4:03 PM · CNBC