🏛️ ⚠️ Regulatory Scrutiny: Torres Requests SEC Investigation of "Truth API".
Congressman Ritchie Torres asked the SEC to investigate whether Trump Media & Technology Group’s Truth API violates securities laws or encourages market manipulation, Axios reported.
📊 Key points from the request:
🔍 Data access: The product, scheduled to launch on August 1, would sell Wall Street real-time access to posts from the top 10 accounts on the network.
🛡️ Investor protection: Torres asked SEC Chair Paul Atkins to review the service and coordinate efforts with the CFTC and the Office of Government Ethics.
💬 Do you think selling real-time access to posts by political figures creates an unfair advantage in financial markets? Share your thoughts below! 👇🔥
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