Trump Sued Over Truth Social Paid Early-Access Feed
President Donald Trump has been sued over Truth Social's paid early-access feed, which gives customers faster access to his posts, including government announcements that can move financial markets.
The complaint was filed by The Intercept and Freedom of the Press Foundation in U.S. District Court in Manhattan on Wednesday, naming Trump, White House Deputy Chief of Staff Dan Scavino, presidential executive assistant Natalie Harp, and the Executive Office of the President as defendants.
Truth Social's Truth API service charges up to $100,000 per month for faster access to posts from Trump and other major accounts. Over 10 customers have signed contracts, mostly high-frequency trading firms, according to interim CEO Kevin McGurn.
The plaintiffs argue that the service violates the First Amendment by giving paying customers preferential access to presidential statements, which may include official government announcements. They also claim a Fifth Amendment violation, stating that the government cannot put a price tag on access to public benefits.
Trump Media is exploring licensing Truth API data to prediction market operators as a new revenue stream, after pulling back from earlier crypto plans, including a proposed partnership with Crypto.com.