Trump Media plans to launch a new service called Truth PSI next month, which will provide paid clients with milliseconds of advance access to Trump prior to the launch of the Truth Social post. As Trump was both the President of the United States and a major shareholder in the listed company, this arrangement quickly triggered a conflict of interest dispute.

Services targeting market-sensitive information

The company disclosed that the service had begun to attract clients, but did not specify the rates. According to the company, Truth PSI is part of its “willing out proprietary assets” strategy and is expected to become a continuous source of revenue.

At the heart of the controversy is that Trump has taken the lead in recent months in addressing issues such as Iran’s war, customs duties and United States immigration enforcement through the Truth Social. These elements themselves may affect market expectations, in particular energy, inflation and interest rate-related assets.

There are exceptions to the law.

Kathleen Clark, Professor at the University of Washington University School of Law, stated that conflict-of-interest restrictions would normally be touched upon if ordinary federal officials held a company that profited from the right to access by selling their public service information. However, the President and Vice-President of the United States were excluded from the relevant articles.

In her view, this means that Trump is selling “accelerated, priority access to information” related to his presidential behaviour. It is mentioned that successive presidents usually sell units, strip off commercial assets or place them in blind trust in order to avoid a direct interface between public office and personal interests, but Trump does not do so.

Companies seek to expand their sources of income

Trump media have recently been trying to expand their operations to boost stock prices in areas such as encryption, financial services and fusion. The company also recently replaced Devin Nunes, a long-time CEO, with Kevin McGurn, a media executive.

In terms of stock prices, the Trump media rose by 0.6 per cent on Thursday, reporting $9.63. But since Trump took office last year, the unit has fallen by more than 70 per cent. According to reports, this decline has wiped out some $6 billion in shareholder wealth.

At the same time, the recent development of encryption by the Trump family has raised concerns about investor losses. Citing the Trump annual financial disclosure, the report states that he received over $1 billion in revenues from related companies and products last year.

  • Truth PSI plans to go online next month
  • The company claims to have signed some of its clients.
  • This bulletin does not disclose pricing

This service is similar to other social platforms ' pay-as-you-go distribution models, but the difference is that it is the President of the United States himself who has the most market influence and that he would benefit directly from the benefits of parent companies.