Donald Trump's social media company has discussed charging Wall Street traders and investment firms as much as $100,000 a month for faster access to the US president's posts on his Truth Social platform, according to people familiar with the matter.

Trump Media and Technology Group, which owns Truth Social, has in recent weeks also pitched a discounted plan of $60,000 per month if the firms sign up for a three-year plan, the sources said, requesting anonymity as the discussions are confidential.

TMTG on Thursday unveiled a paid-for, licensed data feed called "Truth API" to provide banks and trading firms the fastest access to posts from the 10 most influential Truth Social accounts, but did not give any pricing details.

The move would be the company's first step into data licensing, opening up a new revenue stream, although it drew immediate criticism from Democrats.

US Senator Ron Wyden of Oregon, the highest-ranking Democrat on the Senate Finance Committee, said it would financially benefit the Trump family and "make Wall Street traders rich."

The White House referred questions on Wyden's remarks to TMTG, which did not immediately respond to a request for comment.

Trump's social media posts often move markets, and the profits of many top trading firms, hedge funds and financial services firms depend heavily on the speed at which they can execute trades.

On April 9, 2025, for example, Wall Street's main indexes turned sharply higher after Trump said in a Truth Social post that he would pause many of his new tariffs for 90 days.

Access to the Truth API would be essential for high-frequency trading firms as a speed advantage of just a few milliseconds can result in hundreds of thousands of dollars of gains on big trades, the sources said.

The Financial Times reported the discussions on the $100,000 subscription fee earlier on Thursday.