Trump's new paid service Truth PSI sparks corruption concerns

Donald Trump's media company is set to launch a new paid service, Truth PSI, designed to provide faster access to posts on the Truth Social platform. The service targets Wall Street investment firms and other institutions, promising real-time monitoring of posts from the platform's most influential users. This could allow subscribers to react more quickly to information affecting stock prices, bonds, and interest rates.

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It is another example of blatant corruption and inappropriate use of public office for personal enrichment.

The move has drawn immediate criticism from ethics experts, who view it as a "prime example of blatant corruption." Professor Kathleen Clark of Washington University School of Law stated that the service "sells expedited, privileged access to information about what he is doing as president." She added that it represents "another example of blatant corruption and inappropriate use of public office for personal enrichment."

Trump Media & Technology Group has not commented on accusations that the new service financially benefits from the president's public office. The company has also not responded to inquiries about whether the president's posts would be excluded from the offering. A company statement indicated that subscribers would see posts from "the most influential accounts on Truth Social" before other users. Trump currently has approximately 12.9 million followers on the platform.

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It sells expedited, privileged access to information about what he is doing as president.

Analysts believe Trump's posts on Truth Social, which have recently included information on the Iran conflict, trade policy, and ICE activities, can significantly impact financial markets. While U.S. conflict-of-interest rules exempt the president and vice president from profiting from their public functions, past presidents have typically divested business interests to avoid potential conflicts. Trump has not taken such measures. Truth PSI is slated for launch next month, with the company announcing it has already secured initial users.

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Subscribers will be able to see posts from 'the most influential accounts on Truth Social' before other users.