Story perspectives

Trump Launches $100K/month Early-Access Service; Democrats Probe

8/2/2026

Summary

Story summary

U.S. President Donald Trump launched a paid Truth Social service that gives Wall Street traders early access to his posts on Saturday.
The $100,000-per-month fee, together with Trump Media & Technology’s $3.7 million 2023 revenue, means three subscribers would double income.
Irene Aldridge of Able Alpha Trading said the service would be illegal for a public-company CEO.
Senator Elizabeth Warren warned Democrats will investigate, calling the service corruption.

History

Historical Context

The SEC adopted Rule 10b-5 in 1942 to close a gap that let insiders buy stock while misrepresenting earnings, creating the broad antifraud framework still used today. Subsequent guidance added a 90-day cooling-off for executive trading plans. Senator Elizabeth Warren and Trump’s $100,000-per-month Truth Social service now invoke that legacy as regulators consider enforcement.

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Story summary

U.S. President Donald Trump launched a paid Truth Social service that gives Wall Street traders early access to his posts on Saturday.
The $100,000-per-month fee, together with Trump Media & Technology’s $3.7 million 2023 revenue, means three subscribers would double income.
Irene Aldridge of Able Alpha Trading said the service would be illegal for a public-company CEO.
Senator Elizabeth Warren warned Democrats will investigate, calling the service corruption.

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