Lawsuit seeks to stop Trump charging for early access to his online posts
Summary
A federal lawsuit filed in New York seeks to stop U.S. President Donald Trump from monetizing a new paid service at his Truth Social company. The service, known as Truth API, charges Wall Street firms up to US$100,000 a month for access to his market-moving posts milliseconds before the general public. The plaintiffs, including the Freedom of the Press Foundation and The Intercept, argue this violates the First Amendment by giving paying customers priority access to official announcements and the Fifth Amendment by charging unreasonable conditions for government benefits. Trump Media & Technology, the parent company, defends the service as a standard industry practice, claiming the plaintiffs are trying to silence the president. The lawsuit also targets a separate deal giving Truth Social six hours of exclusive access to Trump's posts. Trump, the largest shareholder of Trump Media, has faced criticism for profiting from his presidency, including through cryptocurrency ventures.
(Source:Global News)