President Trump's media company is launching a new service that would give paying customers advance access to posts from top Truth Social accounts, including potentially the president himself. The service, called Truth PSI, could charge subscribers up to $100,000 monthly for early notification of posts before they become public.
The move has drawn criticism from legal experts who question whether it violates insider trading laws and government ethics rules. The concern centers on whether advance knowledge of presidential communications could constitute material information that investors might exploit for financial gain before the broader market sees the announcement.
"He's selling expedited, privileged access to information about what he is doing as president," said Kathleen Clark, a government conflict of interest expert at Washington University School of Law. "It's yet more brazen corruption, an improper exploitation of government power to enrich himself."
The service would target Wall Street trading firms and other institutions seeking to profit from advance notice of posts that could move stock, bond, and interest rate markets. Trump regularly uses Truth Social to announce major decisions affecting markets, including statements about military actions and tariffs. Last year he made over 100 posts in a single day as stock markets fell amid concerns about his economic policies.
Trump Media and Technology Group, the publicly traded parent company of Truth Social, declined to comment on whether Trump's own posts would be included in the paid service. The company said it plans to launch Truth PSI next month and has already signed up customers.
Trump indirectly owns about 53 percent of TMTG through shares transferred to a trust in December 2024, giving him a paper fortune of approximately $1.41 billion based on the company's current market value. The president earned $2.2 billion in his first year back in office, according to government financial disclosures, with much of that coming from his cryptocurrency ventures.
Under federal conflict of interest law, government officials are barred from owning companies that profit from their office by selling access to their decisions. However, the president and vice president are exempt from this provision. Despite this exemption, all presidents since the law passed decades ago have sold individual stocks, divested business holdings, or placed assets in blind trusts to avoid conflicts. Trump has refused to do so.
Trump Media has been attempting to boost its stock price through various business ventures including cryptocurrency, financial services, and nuclear fusion. The company recently replaced its longtime chief executive with Kevin McGurn, a seasoned media executive. McGurn described Truth PSI as part of a strategy to "monetise proprietary assets" and expected it to become a "meaningful, ongoing source of revenue."