Market Chatter: Senator Urges Banks To Shun Early Access To Trump's Truth Social Posts

MT Newswires Live07:12

Sen. Mark Warner urged banks and trading firms to avoid a new product offering early access to posts on President Donald Trump's Truth Social platform, warning it creates a "very troubling form of information asymmetry," Reuters reported Tuesday.

Wall Street banks showed little interest in the product, according to the report.

Trump Media & Technology Group (DJT) unveiled a paid data feed earlier this month giving banks faster access to posts from influential Truth Social accounts, including Trump's, Reuters said. Sources at two major banks said they were not considering subscribing.

Warner sent a letter to six major financial trade groups urging them to disavow the arrangement, arguing it would let Trump personally profit from government policy announcements, according to Reuters.

Trump Media & Technology Group and White House did not immediately respond to request for comments from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Mark Warner urged banks and trading firms to avoid a new product offering early access to posts on President Donald Trump's Truth Social platform, warning it creates a \"very troubling form of information asymmetry,\" Reuters reported Tuesday.</p><p>Wall Street banks showed little interest in the product, according to the report.</p><p><a href=\"https://laohu8.com/S/DJT\">Trump Media</a> &amp; Technology Group (DJT) unveiled a paid data feed earlier this month giving banks faster access to posts from influential Truth Social accounts, including Trump's, Reuters said. 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Mark Warner urged banks and trading firms to avoid a new product offering early access to posts on President Donald Trump's Truth Social platform, warning it creates a \"very troubling form of information asymmetry,\" Reuters reported Tuesday.</p><p>Wall Street banks showed little interest in the product, according to the report.</p><p><a href=\"https://laohu8.com/S/DJT\">Trump Media</a> &amp; Technology Group (DJT) unveiled a paid data feed earlier this month giving banks faster access to posts from influential Truth Social accounts, including Trump's, Reuters said. 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