Trump Accused of ‘Brazen Corruption’ with Plan to Sell Wall Street Early Access to Truth Social Posts

The latest development from Donald Trump’s media company is a stark reminder that this administration has no qualms about exploiting its power for personal gain. The announcement of Truth PSI, a paid service offering high-speed access to Truth Social posts, including those with potential market-moving implications, is an attempt by the president to cash in on his influence.

Trump’s involvement raises the stakes significantly because he is both the platform’s most prominent poster and largest shareholder. This means he stands to benefit directly from this new revenue stream. The plan isn’t just about providing trading firms with real-time news; it’s also creating a profit center tied to the president’s decision-making process.

Critics argue that this plan flouts conflict of interest laws. Kathleen Clark, an expert in government conflicts of interest rules at Washington University School of Law, notes that Trump is selling expedited access to information about his actions as president for personal gain. “It’s yet more brazen corruption,” she says, “an improper exploitation of government power to enrich himself.”

The potential impact on the integrity of the market is a concern. If high-speed traders are paying for privileged access to Trump’s posts, can we be sure that those decisions aren’t being influenced by financial interests? The Iran war posts, which have significant implications for oil prices and interest rates, are a prime example of how this could play out.

The timing of the announcement is telling. As stock in Trump Media & Technology has plummeted over 70% since the president took office, erasing $6 billion in shareholder wealth, the company is desperate to find new revenue streams. The fact that they’ve signed up customers for Truth PSI before even launching it suggests a sense of urgency.

The Trump family’s business dealings have been under scrutiny for months. Their crypto ventures have resulted in billions lost by investors, and the president’s annual disclosure showed over $1 billion in revenue from these companies last year. It’s clear that this administration is willing to push the boundaries of what’s acceptable in pursuit of profit.

Despite the law excluding presidents from conflict of interest provisions, all previous administrations have acted as if they applied – selling individual stocks or putting financial assets into blind trusts. Trump has refused to do so, choosing instead to exploit his position for personal gain. This is a disturbing trend that undermines faith in government and highlights the need for stronger ethics laws.

The launch of Truth PSI next month will be a key test of whether this administration is truly committed to transparency and accountability. If it goes ahead as planned, we can expect a further erosion of trust in the president’s decision-making process and a blurring of the lines between public service and personal profit.