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Intercept, Press Foundation Sue Trump Over Truth API Plan

8/12/2026

50 9 Full Breakdown

Summary

Story summary

The Intercept and Freedom of the Press Foundation sued President Donald Trump in New York, alleging the Truth API plan violates First and Fifth Amendments.
Ben Muessig said Trump is privatizing government information for gain, noting his stake fell from $4 billion to about $1 billion after a stock plunge.
Senators Adam Schiff and Elizabeth Warren wrote to SEC warning that charging insiders for information via the Truth API abuses the presidency.

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Story summary

The Intercept and Freedom of the Press Foundation sued President Donald Trump in New York, alleging the Truth API plan violates First and Fifth Amendments.
Ben Muessig said Trump is privatizing government information for gain, noting his stake fell from $4 billion to about $1 billion after a stock plunge.
Senators Adam Schiff and Elizabeth Warren wrote to SEC warning that charging insiders for information via the Truth API abuses the presidency.