U.S. lawmakers request the SEC to investigate Truth API, questioning its alleged violation of federal securities laws

U.S. Congressman Ritchie Torres has requested the U.S. Securities and Exchange Commission (SEC) to investigate whether the upcoming Truth API from Truth Social's parent company Trump Media & Technology Group (TMTG) violates federal securities laws, and to assess whether it involves issues such as market manipulation, investor protection, and conflicts of interest.

According to previous reports, the Truth API will launch on August 1, providing paying customers with real-time data access to public posts from popular Truth Social accounts, with authorization fees reaching up to $100,000 per month.