NEW YORK CITY, New York: Trump Media & Technology Group has discussed charging Wall Street trading firms and investment companies as much as US$100,000 a month for faster access to President Donald Trump's posts on Truth Social, according to people familiar with the matter.

The company, which owns Truth Social, has also pitched a discounted subscription of $60,000 per month for firms willing to sign a three-year agreement, the sources said, adding that they requested anonymity because the discussions are confidential.

TMTG recently unveiled a licensed data product called Truth API, designed to provide banks and trading firms with the fastest access to posts from the platform's 10 most influential accounts. The company did not disclose pricing details.

The service marks TMTG's first move into data licensing, creating a potential new revenue stream. However, it immediately drew criticism from Democratic lawmakers.

Senator Ron Wyden of Oregon, the top Democrat on the Senate Finance Committee, said the service would financially benefit the Trump family and "make Wall Street traders rich." The White House referred questions on Wyden's remarks to TMTG, which did not immediately respond to Reuters' request for comment.

Trump's Truth Social posts have frequently moved financial markets. On April 9, 2025, U.S. stock indexes rallied sharply after Trump announced on the platform that he would pause many newly imposed tariffs for 90 days.

According to the sources, rapid access to the Truth API would be particularly valuable for high-frequency trading firms, where even a few milliseconds can provide a significant trading advantage. The Financial Times first reported discussions about the proposed $100,000 subscription fee.

TMTG said the new product will provide round-the-clock coverage of influential Truth Social accounts and include an archive of posts dating back to 2022. The company said it had already signed customers ahead of the service's planned Aug. 1 launch but did not identify them.

The Donald J. Trump Revocable Trust holds about 114.75 million shares, representing roughly 41% of TMTG's outstanding stock, according to regulatory filings. Although Trump's children oversee the trust, the president remains its beneficiary.

Critics questioned whether the arrangement would allow Trump and his family to profit from presidential communications. Donald Sherman, president of Citizens for Responsibility and Ethics in Washington, called the Truth API arrangement "wildly unethical," but said it was difficult to determine from publicly available information whether it was illegal.

Senator Elizabeth Warren described the proposal as "an egregious scheme to profit off the presidency and enrich Wall Street while doing nothing to help Americans."