Truth Social to Offer Fast Access to Key Posts
Truth Social is launching a service to provide Wall Street firms with expedited access to posts from influential accounts. This service aims to enhance trading strategies based on real-time information. (sources: nytimes, theguardian, nbcnews, bbc, ft)
Truth Social plans to introduce a product called Truth API, which will allow Wall Street trading firms to receive posts from key accounts, including those of Donald Trump, at a faster rate than standard notifications.
- Truth API will deliver posts from the 10 most influential accounts on Truth Social.
- The service is designed to provide Wall Street firms with a competitive advantage in trading.
- Trump Media is expected to charge for this high-speed access.
Why it matters
This development raises questions about the intersection of social media and financial markets, particularly regarding access to information.
↓ Congress can act on this
5 bills on this issue are moving right now — and the most active one is S1498: Halting Ownership and Non-Ethical Stock Transactions (HONEST) Act.
S1498 · 119th Congress
Halting Ownership and Non-Ethical Stock Transactions (HONEST) Act
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What S1498 actually does
This story is about Trump Media to sell faster access to president's Truth Social posts. This bill would change federal ethics rules for top elected officials and their families.
4 other bills moving on this issue
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This story is about Trump Media to sell faster access to president's Truth Social posts. This bill would direct than the President-cover
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Take action on HR5106 →This story is about Trump Media to sell faster access to president's Truth Social posts. This bill would direct because it expressly covers the President and Vice President, alongside Members of Congress.
Take action on HR6731 →This story is about Trump Media to sell faster access to president's Truth Social posts. This bill would bar covered federal officials and workers from some prediction market trades.
Take action on HR7004 →Sources used · 14 sources