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President Trump has an unprecedented array of income streams pouring right into the Oval Office, but a lucrative new scheme may run afoul of the Constitution.

In July, Truth Social’s parent company announced that it would sell first-look access to the social platform’s posts, a move designed to entice Wall Street traders to splash out big bucks for exclusive market-moving information. The price? Up to a cool $100,000 a month.

In a new lawsuit, the Freedom of the Press Foundation and The Intercept are suing the president, asking the court to quash Truth Social’s monetization of the presidential account on the grounds that it violates the First and Fifth amendments.

“A president selling priority access to news he himself generates for the benefit of a private company he controls is so blatantly corrupt and unconstitutional that it would have been hard to even fathom just a few years ago,” Seth Stern, Freedom of the Press Foundation’s chief of advocacy, said in a press release slamming the arrangement as a “brazen grift.”

By paying the monthly early-access fee, Truth Social users with the deepest pockets unlock Truth API, a “a business-to-business data feed” giving them a peek at the president’s posts the instant they go live. The ultra-premium feature “provides licensed, low-latency access to publicly available posts from certain top Truth Social accounts,” according to Trump Media.

In the lawsuit, the press freedom organization and the independent media outlet argue that the First Amendment guarantees that Americans receive “equal access to the President’s public announcements” and the Fifth Amendment “prohibits charging unreasonable sums” for access to government information.

Paying for the Truth

In a recent earnings call, Trump Media CEO Kevin McGurn boasted that Truth Social subscribers will get public posts “fractionally faster” than everyone else, creating a meaningful new income stream for the controversial company.

According to McGurn, by mid-August more than 10 entities had already signed on for the exclusive Truth Social experience, paying anywhere from $60,000 to $100,000 per month. The company says it onboarded a handful of institutional customers prior to the feature’s August 1 launch and in spite of what it calls “factually inaccurate criticism of Truth API,” it continues to sign up new subscribers.

Giving a social platform’s paying subscriber’s early access is one thing, but Truth Social isn’t just any social media site. Not only is the social network majority-owned by the president himself, but it’s now Trump’s main hub for self-issued announcements. Trump’s Truth Social account collects everything from his mundane gripes to policy changes and real-time insight about the war in Iran. Just this week, Trump took to Truth Social to boast that the U.S. now has “total control” over the Strait of Hormuz—a characterization that Iran quickly disputed.

“Since returning to office, Trump has used his Truth Social account as his primary means of communicating with the public and making official announcements, encompassing everything from agency appointments and firings to military actions and foreign policy,” Stern said. 

Truth Social’s ultra-premium access tier is outrageous, but it’s far from the only way that Trump has cashed in during his second term in office. In 2025 alone, the current U.S. president raked in at least $2.2 billion, a mind-boggling and unprecedented sum powered largely by his controversial cryptocurrency ventures.

 

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