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CBS News

53 former federal prosecutors say Trump media firm’s $100,000 Truth API early-access plan may be criminal

AI Market Summary
A court filing by 53 ex-federal prosecutors argues Trump Media's paid "Truth API" offering early access to market-moving posts may violate securities and public-corruption laws, raising litigation and enforcement risk. The legal challenge seeks an injunction and frames the model as akin to selectively sharing material information, potentially expanding liability to both officials and paying subscribers. Heightened regulatory uncertainty can pressure sentiment around politically exposed media and related tokens.
Impact level
● Medium
Affected assets
TRUTH/USDT-1.94%
AI Insight · TRUTH/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
A group of 53 former federal prosecutors and law enforcement officials told a court that Trump Media & Technology Group’s plan to sell Wall Street investors early access to President Donald Trump’s Truth Social posts may amount to federal crimes. The company’s Truth API data feed charges $100,000 and promises “realtime access to posts from the highestranking Truth Social accounts.” The service sits at the center of a Southern District of New York lawsuit brought by the Intercept and the Freedom of the Press Foundation, which is seeking a preliminary injunction to stop the early-access transmission.
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