The Intercept Media and the Freedom of the Press Foundation (FPF) have sued U.S. President Donald Trump, accusing him of corruption and promotion of insider trading by selling early access to White House communications on his Truth Social platform.
The lawsuit was filed in the U.S. District Court for the Southern District of New York, claiming that the Truth API service, which charges $100,000 a month for early access to the President’s and other officials’ posts, violates the Fifth Amendment and breaches the First Amendment’s guarantee of equal public access to statements. According to the filing, even milliseconds of faster access could make a difference of millions of dollars for traders.
The complaint states:
“President Donald Trump is charging $100,000 per month for advance access to his official government announcements on Truth Social. This scheme is extraordinary, corrupt, and unconstitutional.”
The lawsuit has also named White House Deputy Chief of Staff Dan Scavino, presidential executive assistant Natalie Harp, the White House Office, and the Executive Office of the President as defendants.
Additionally, Trump Media shared on August 10, 2026, that 10 users had already subscribed to the platform, including high-frequency trading companies and financial news outlets. As argued in the court filings, the early access service could generate personal profits for President Trump by selling privileged information.
