The Intercept and the Freedom of the Press Foundation sued President Trump on Wednesday over Truth Social's new Truth API service, which charges up to $100,000 a month for faster access to his posts, arguing it violates the First and Fifth Amendments. The suit, which names Trump, aides Natalie Harp and Dan Scavino, and White House offices as defendants, asks a federal court to bar the president from posting official government information exclusively on the platform he profits from.
Attorney Brendan Ballou called the arrangement unprecedented, warning that journalists without paid access are disadvantaged and that high-frequency trading firms with milliseconds of edge could profit from market-moving presidential statements. Trump Media, which reported a $238 million quarterly loss largely tied to crypto assets, says more than 10 customers, mostly trading firms, have signed up.
A company spokesperson defended the service as standard data monetization, while critics point to Trump's $2 billion in disclosed 2024 income and a pending nuclear fusion merger as evidence the president continues blending private profit with public office.
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