Lawsuit seeks to block Trump Media from charging for early access to the president's posts on U.S. policy
- President Donald Trump was sued in federal court in New York over a new paid Truth Social service that gives customers early access to his posts on U.S. policy.
- The plaintiffs, including the Freedom of the Press Foundation and The Intercept, say the service violates the Constitution by giving paying customers earlier access to official statements than the public.
- Trump Media said selling fast access to traders is common in the industry and accused the plaintiffs of trying to censor the president.
- The lawsuit asks the court to end the paid Truth API service and to stop Trump from posting official government information exclusively on his own platform.
- The company said the service charges as much as $100,000 a month; Trump Media has also reported large quarterly losses and a sharp drop in its share price.
- The dispute could be seen as mildly negative for Trump Media shares because it raises legal and reputational risk, while the market effect on broader assets is likely limited.
President Donald Trump was sued Wednesday in federal court in New York over a paid Truth Social service that gives customers early access to his posts on U.S. policy. The plaintiffs say the arrangement lets paying users see official presidential statements before the public and violates the Constitution.
The lawsuit was filed by the Freedom of the Press Foundation and The Intercept. It argues that official announcements should be available to everyone at the same time and says charging for earlier access creates an unconstitutional benefit.
Trump Media, which owns Truth Social, said the practice of selling fast access is common in the industry and accused the plaintiffs of trying to silence the president. The company said the service, called Truth API, is being offered to Wall Street firms for as much as $100,000 a month.
The case also targets the broader setup that gives Truth Social exclusive access to Trump's posts before they are shared elsewhere. Trump Media has been losing hundreds of millions of dollars each quarter, and its stock has fallen sharply since its public listing. For markets, the story is mildly negative for Trump Media shares because it adds legal and reputational risk; the wider effect on stocks, crypto, gold, or forex appears limited.
诉讼要求禁止特朗普媒体就总统美国政策帖文的提前访问收费
唐纳德·特朗普周三在纽约联邦法院被起诉，争议焦点是 Truth Social 上一项付费服务向客户提供他关于美国政策帖文的提前访问权。原告称，这种安排让付费用户比公众更早看到总统的正式表态，违反宪法。
这起诉讼由新闻自由基金会和《The Intercept》提起。原告主张，官方公告应同时向所有人公开，向更早获取信息的人收费构成违宪利益。
特朗普媒体公司回应称，向交易者出售快速访问在行业内很常见，并指责原告试图让总统闭嘴。公司称这项名为 Truth API 的服务正向华尔街机构收费，月费最高可达 10 万美元。
案件还针对 Truth Social 对特朗普帖文的独家提前发布安排。报道提到，特朗普媒体每季度亏损数亿美元，上市后股价也明显下跌。就市场影响看，这一事件对特朗普媒体股价略偏利空，因为会增加法律和声誉风险；对更广泛的股票、加密货币、黄金或外汇市场，直接影响看起来有限。