#monetizing-the-presidency

Republicans Are Staging an Unprecedented Off-Year "Convention" in Dallas That Nominates No One and Conducts No Party Business — a Trump Rally Its Own Organizers Nicknamed "Trumpalooza" — Where "Delegate" Status Isn't Won but Bought: a $25,000 Minimum for House Members to Attend, Rising to a $250,000 "Golden VIP" Package, While Dallas Taxpayers Are Left to Cover Nearly $2 Million in Security

A political convention is supposed to be a gathering of elected delegates who conduct the party's business — above all, nominating its candidate. The Republican Party is holding one anyway, in a year with no presidential nomination to make: a first-of-its-kind midterm convention on September 9-10, 2026, at Dallas's American Airlines Center, that its own organizers have nicknamed "Trumpalooza." It will conduct no official party business. It is a two-day rally built around Donald Trump ahead of the November elections. And its "delegates" are not chosen by voters — they are sold a credential. The National Republican Campaign Committee is asking House members to pay a minimum of $25,000 (with a guest) to attend, with packages rising to $100,000; a California committee's tiers run from $25,000 up to a $250,000 "golden VIP member" package with floor badges, hotels, transfers, gifts, and concierge service; the Texas GOP sells "honorary delegate" credentials for up to $20,000, cowboy hat included. Organizers raised some $45 million privately to fund it — but Dallas taxpayers are still on the hook for roughly $1.8 to $2 million in police and security costs. Even Republican insiders worry aloud that it has become "more of a fundraiser than a convention," pricing out the grassroots volunteers who actually power campaigns. Stripped of its bunting, this is a machine for converting money into proximity to the president, staged as a democratic institution it no longer resembles.

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.