Hiltzik: Trump's selling Wall Street early access to his Truth Social posts is ethically repugnant, but may be legal

Donald Trump's latest scheme to monetize his presidency — selling Wall Street traders the right to an early peek at his posts on his Truth Social platform — has raised two important questions.

First, isn't this insider trading? And second, if it isn't illegal, shouldn't it be?

Here are the short answers: Probably not. And yes, it certainly should be illegal, but may not be.

This is probably not something that was ever contemplated by the insider trading laws, the STOCK Act, or the general rules about government employees and their use of government information for personal profit.

Benjamin Schiffrin, Better Markets

Here's the deal: Trump Media and Technology Group, of which Trump owns 52% through a trust, and which controls Truth Social, his online social media platform, is selling "real-time" access to Trump's Truth Social posts.

Source: Yahoo Finance →