#djt
3 entries with this tag
They Did It Anyway: Trump Media Launched the Truth API Exactly on Schedule on August 1 — Selling $100,000-a-Month Early Access to the President's Market-Moving Posts — Days After Senators Referred It to the SEC as Illegal Insider Trading and a Former SEC Official Called It "Misappropriated Information"
When Trump Media unveiled the Truth API — a paid feed selling banks and high-frequency traders a millisecond head start on the president's market-moving Truth Social posts for up to $100,000 a month — the objections were immediate and bipartisan in their substance. Senators Elizabeth Warren and Adam Schiff wrote to the SEC on July 29 calling it "an outrageous abuse of the President's office for his personal benefit that undermines everyday investors and the integrity of our markets." Rep. Ritchie Torres pressed the SEC on what he labeled the "insider trading API." Renée Jones, a former top SEC official, told NPR the arrangement appears to run afoul of insider-trading law: "If the president's Truth Social posts are being monetized, and if some people get special access to them, that's misappropriated information." None of it mattered. On August 1, 2026 — on schedule, without modification — the Truth API went live. Institutional clients now receive the president's posts before the public, and the president's company collects the fees. The launch is its own, separate scandal from the plan to launch: it is the moment the administration was told, in writing, by U.S. senators and former regulators, that a product might be criminal insider trading and monetized state power — and shipped it anyway, betting that an SEC run by Trump's own appointees will never investigate the president's own company. The going-live, over the objection, is the point.
Trump's Media Company — Which He Owns Nearly 60% Of — Will Sell Wall Street a Millisecond Head Start on His Own Market-Moving Truth Social Posts for Up to $100,000 a Month, Letting High-Frequency Traders Trade on Presidential Announcements Before the Public Even Sees Them
Trump Media & Technology Group unveiled "Truth API," a paid, licensed data feed that gives banks and high-frequency trading firms "the fastest" access to posts from the 10 most influential Truth Social accounts — Trump's being "by far the most prominent" — delivering them to paying clients up to a thousandth of a second before the public gets them. The fee runs up to $100,000 per month, or $60,000 a month on a three-year plan. It launches August 1, 2026, and the company says it has already signed up customers, including high-frequency trading firms and financial news organizations. The value is obvious and specific: Trump's posts routinely move markets. On April 2, 2025, his "Liberation Day" tariff post helped send stocks down nearly 5%; days later, "THIS IS A GREAT TIME TO BUY!!!" — announcing a 90-day tariff pause — sent them up 9.5%, adding $4 trillion to the S&P 500; his June 2025 "THE CEASEFIRE IS NOW IN EFFECT" post instantly moved oil. Selling a head start on those announcements to the fastest traders is, in effect, monetizing advance access to U.S. government policy. Ordinary conflict-of-interest law would bar a federal official from owning a company that profits off his office — but the president and vice president are explicitly exempt from that provision, and Trump owns roughly 60% of Trump Media (a stake worth about $2 billion on paper, held in a revocable trust controlled by Donald Trump Jr.). Ethics experts were blunt. Kathleen Clark of Washington University: "He's selling expedited, privileged access to information about what he is doing as president... yet more brazen corruption, an improper exploitation of government power to enrich himself." The Project on Government Oversight's Dylan Hedtler-Gaudette: "It's odious, selling access to the highest bidders." The move comes as Trump Media flails — DJT stock is down roughly 70% since he took office, closing around $9.66 against a pre-inauguration price near $40, with losses topping $1 billion — making the one asset that still reliably prints money the presidency itself.
Florida Renamed Palm Beach International Airport After Trump While He Is Still in Office — the First Sitting President Ever to Get One — Changing PBI to "DJT" at a $5.5 Million Taxpayer Cost, Imposed by the Legislature Over Community Objections, With Trump Keeping Control of His "Name, Likeness and Image" at the Airport
On July 9, 2026, Palm Beach International Airport — which had carried that name for over half a century — officially became "President Donald J. Trump International Airport." The FAA identifier code changed from PBI to DJT. It makes Trump the first sitting president in U.S. history to have an airport named after him; the dozen other presidential airports (JFK, Reagan National, George Bush Intercontinental) were all named after their namesakes left office. The renaming was not a grassroots decision by the local community — it was imposed from above by the Republican-controlled Florida Legislature, which passed HB 919 along party lines (House 81-30, Senate 25-11), signed by Gov. Ron DeSantis in March, giving the state authority to name "major commercial service airports." The airport sits about four miles from Mar-a-Lago. The change cost an estimated $5.5 million, with $2.75 million allocated in the state budget. Travelers interviewed at the airport were blunt: "I think it's disgusting, ridiculous, pompous and a lot of other bad things," said Florida resident Pat Brown. "I resent that the name is on every institution that we have, this included," said Phyllis Malmuth. Rep. Lois Frankel called it "a clear overreach," noting airports are "traditionally designated once they leave office and through decisions made by local communities — not imposed from above." Eric Trump crowed that his father's plane was the first to land at 5:01 a.m. and that he would "forever be proud to see the initials DJT on my boarding pass." The Trump Organization says the family will collect "no royalty licensing fee or financial consideration whatsoever" — but Trump retains control over any use of his "name, likeness, image and biographical information" at the airport, letting his organization dictate how he is presented on signage and photos. On the same day, a Tennessee bridge was also renamed after him.