Trump Media early access lawsuit
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Trump Media CEO defends selling faster access to Truth Social posts
The service went live on Aug. 1.
Trump Media interim CEO Kevin McGurn defended his company offering faster access to President Donald Trump's Truth Social posts.
Critics argue the service lets deep-pocketed firms trade on valuable information before the rest of the public.
Lawsuit seeks to ban Trump Media from charging for early access to president's posts
Trump's annual financial disclosure report showed he took in more than $1 billion last year from new crypto businesses.
Trump's digital finance company, World Liberty Financial, got a $500 million investment from a company tied to the government of the United Arab Emirates.
The lawsuit was filed in the Southern District of New York and names deputy chief of staff Daniel Scavino and executive assistant Natalie J. Harp as defendants.
“A president selling priority access to news he himself generates for the benefit of a private company he controls is so blatantly corrupt and unconstitutional that it would have been hard to even fathom just a few years ago,”
Trump Media pitched $100,000 monthly fee for fastest feed of U.S. president's posts
TMTG unveiled a paid-for, licensed data feed called Truth API to provide banks and trading firms the fastest access to posts from the 10 most influential Truth Social accounts.
Trump Media pitched a discounted plan of $60,000 per month for firms signing up for a three-year plan.
Sherman and other experts said the Constitution's emoluments clauses would not apply in this case.