{"id":3684,"date":"2026-07-18T15:41:29","date_gmt":"2026-07-18T15:41:29","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=3684"},"modified":"2026-07-18T15:41:29","modified_gmt":"2026-07-18T15:41:29","slug":"trump-monetizing-his-social-media-account-is-odious-and-brazen-corruption-or-an-attempt-to-revive-a-70-stock-price-crash-since-election","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=3684","title":{"rendered":"Trump monetizing his social media account is \u2018odious\u2019 and \u2018brazen corruption\u2019 \u2014\u00a0or an attempt to revive a 70% stock price crash since election"},"content":{"rendered":"
\n

Donald Trump\u2019s struggling media company\u00a0plans to sell Wall Street traders\u00a0the chance to see posts from \u201chighest-ranking\u201d accounts \u2014 including possibly his own \u2014 milliseconds before others.<\/p>\n

Read more Goldman Sachs CEO says he\u2019d hire someone \u2018smart enough\u2019 over the smartest person in the world because ultimately experience trumps brains<\/a><\/p>\n

That could mean big money for them, and Trump.<\/p>\n

\n
\n
<\/div>\n<\/div>\n<\/div>\n

Trump\u2019s posts are often important enough to rattle financial markets, sending prices soaring and plunging within seconds. Until this moment, presidential policy announcements were considered sort of public property that should be free and available to all at the same time.<\/p>\n

The president has the most followers on Truth Social \u2014 12.9 million \u2014 so presumably will be included in the mix of high-ranking accounts.<\/p>\n

Truth Social\u2019s public parent, Trump Media & Technology, did not respond to emailed questions, including whether Trump\u2019s posts will be excluded from the offering, but the planned service is attracting plenty of attention \u2014 and not just from traders.<\/p>\n

\u201cIt\u2019s odious, selling access to highest bidders on Wall Street,\u201d said Dylan Hedler-Gaudette, an expert on federal ethic rules at watchdog Project on Government Oversight. \u201cEverything he says has market implications.\u201d<\/p>\n

\n
<\/div>\n<\/div>\n

How the new business hopes to make money<\/h4>\n

Called Truth PSI, the service announced in a short press release Thursday would allow Wall Street trading firms and institutions to see certain posts earlier than other users so they could profit off subsequent moves in stocks, bonds and interest rates.<\/p>\n

The Trump Media release did not give any sense of the size of the new business but quotes CEO Kevin McGurn as saying he expects it to become a \u201cmeaningful\u201d source of revenue as part of a strategy to \u201cmonetize proprietary assets.\u201d The company added that it expects to launch the service next month.<\/p>\n

\n
\n
<\/div>\n<\/div>\n<\/div>\n

The customers that Truth Social is targeting are high frequency traders who jump ahead of others in reacting to news to buy and sell bonds and other financial instruments. And a few thousands of a second often spells the difference between profits and losses.<\/p>\n

\n
<\/div>\n<\/div>\n

Trump posts are big news, and big money makers<\/h4>\n

When Trump announced his sweeping tariffs on April 2 last year, it was major political and financial news \u2014- and many found out first on Truth Social.<\/p>\n

\n
<\/div>\n<\/div>\n
\n
<\/div>\n<\/div>\n

\u201cIt\u2019s Liberation Day in America,\u201d Trump posted hours before a formal Rose Garden announcement, sending stocks plunging nearly 5% over the next few hours. Safe haven investments like gold and Treasury bonds soared.<\/p>\n

A few days later, Trump reversed course by suspending the tariffs for 90 days with an announcement again on Truth Social, writing,\u00a0\u201cTHIS IS A GREAT TIME TO BUY!!!\u201d<\/p>\n

Stocks soared 9.5% that day, adding $4 trillion to investor wealth as measured by the S&P 500 index.<\/p>\n

\u201cIt\u2019s yet more brazen corruption,\u201d said Kathleen Clark of Washington University School of Law and an expert in government ethics rules. \u201cTrump can line his pockets by selling access.\u201d<\/p>\n

\n
\n
<\/div>\n<\/div>\n<\/div>\n
\n
<\/div>\n<\/div>\n

His Iran war posts are must reading for oil traders, too<\/h4>\n

Trump has announced major decisions and musings about other topics, including staff changes, immigration crackdowns, and matters of war and peace in Ukraine and Iran.<\/p>\n

Read more U.S. soccer star Landon Donovan was raised by a single mom and said he wouldn\u2019t break though today because youth sports have gotten too expensive<\/a><\/p>\n

\u201cTHE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT!,\u201d he posted on June 24 last year about a short-lived Iran deal, sending oil prices plunging instantly.<\/p>\n

No other social media platform has such access to the president, and presumably banks and traders will have to pay up for it.<\/p>\n

Trump Media did not state in its release how much it plans to charge but said it has already signed up customers.<\/p>\n

\n
<\/div>\n<\/div>\n

The law doesn\u2019t bar Trump from doing this<\/h4>\n

The service is similar to others at rival social media firms but with a key difference: It\u2019s the president posting. But there appears to be nothing to stop Trump from doing this, at least legally.<\/p>\n

Conflict of interest laws would bar U.S. government officials from owning a company that profits off their office by selling access to their decisions through public posts, says Washington University\u2019s Clark. But the president and vice president, she notes, are excluded from the provision.<\/p>\n

\n
\n
<\/div>\n<\/div>\n<\/div>\n

Despite that, all presidents since the law was passed decades ago have acted as if it applied \u2014 selling individual stocks, dumping business holdings or putting their financial assets in a blind trust so they wouldn\u2019t know what was being bought and sold on their behalf while they wielded power \u2014\u00a0but Trump has refused.<\/p>\n

No response from the White House, or his businesses<\/h4>\n

The White House referred questions, including those about the president profiting off its office, to the company that owns Truth Social. Several messages sent to that company, Trump Media & Technology, have not been returned. And Trump\u2019s own family company, the Trump Organization, declined to comment.<\/p>\n

\n
<\/div>\n<\/div>\n

Trump himself has repeatedly denied that there any conflicts between his obligation to act in the public interest and the opportunity to make money off the presidency.<\/p>\n

The White House has previously said Trump only does what is good for the country and is not involved in his family business.<\/p>\n

Trump Media needs the help<\/h4>\n

The new service is the latest in a series of moves to try to revive the fortunes of Trump Media whose stock has plunged more than 70% since the president took office last year.<\/p>\n

The company has been\u00a0diversifying into various businesses\u00a0\u2014 crypto, financial services and nuclear fusion \u2014 but all to no avail.<\/p>\n

\n
\n
<\/div>\n<\/div>\n<\/div>\n

It recently replaced its longtime CEO, former Congressman Devin Nunes, with McGurn \u2014 but the stock kept sinking anyway.<\/p>\n

The stock rose 0.6% on the news Thursday, and up by half that amount the next day at $9.66. Before Trump took office last year, it closed at $40.<\/p>\n

Read more The Best Vitamins for Kids (2026): Support Their Immunity, Growth, and More<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

It’s probably both.<\/p>\n","protected":false},"author":1,"featured_media":3683,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[79],"tags":[],"class_list":["post-3684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-white-house"],"yoast_head":"\nTrump monetizing his social media account is \u2018odious\u2019 and \u2018brazen corruption\u2019 \u2014\u00a0or an attempt to revive a 70% stock price crash since election - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=3684\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump monetizing his social media account is \u2018odious\u2019 and \u2018brazen corruption\u2019 \u2014\u00a0or an attempt to revive a 70% stock price crash since election - Cross Country Moving Team\" \/>\n<meta property=\"og:description\" content=\"It's probably both.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/crosscountrymovingteams.com\/?p=3684\" \/>\n<meta property=\"og:site_name\" content=\"Cross Country Moving Team\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-18T15:41:29+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=3684#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=3684\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\"},\"headline\":\"Trump monetizing his social media account is \u2018odious\u2019 and \u2018brazen corruption\u2019 \u2014\u00a0or an attempt to revive a 70% stock price crash since election\",\"datePublished\":\"2026-07-18T15:41:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=3684\"},\"wordCount\":1009,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=3684#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/93bfcc1f0ca051f0eebfbca39476856e.webp\",\"articleSection\":[\"White House\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=3684#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=3684\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=3684\",\"name\":\"Trump monetizing his social media account is \u2018odious\u2019 and \u2018brazen corruption\u2019 \u2014\u00a0or an attempt to revive a 70% stock price crash since election - Cross Country Moving Team\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=3684#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=3684#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/93bfcc1f0ca051f0eebfbca39476856e.webp\",\"datePublished\":\"2026-07-18T15:41:29+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=3684#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=3684\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=3684#primaryimage\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/93bfcc1f0ca051f0eebfbca39476856e.webp\",\"contentUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/93bfcc1f0ca051f0eebfbca39476856e.webp\",\"width\":1200,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=3684#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trump monetizing his social media account is \u2018odious\u2019 and \u2018brazen corruption\u2019 \u2014\u00a0or an attempt to revive a 70% stock price crash since election\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#website\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/\",\"name\":\"Cross Country Moving Team\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/crosscountrymovingteams.com\"],\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Trump monetizing his social media account is \u2018odious\u2019 and \u2018brazen corruption\u2019 \u2014\u00a0or an attempt to revive a 70% stock price crash since election - Cross Country Moving Team","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/crosscountrymovingteams.com\/?p=3684","og_locale":"en_US","og_type":"article","og_title":"Trump monetizing his social media account is \u2018odious\u2019 and \u2018brazen corruption\u2019 \u2014\u00a0or an attempt to revive a 70% stock price crash since election - Cross Country Moving Team","og_description":"It's probably both.","og_url":"https:\/\/crosscountrymovingteams.com\/?p=3684","og_site_name":"Cross Country Moving Team","article_published_time":"2026-07-18T15:41:29+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/crosscountrymovingteams.com\/?p=3684#article","isPartOf":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=3684"},"author":{"name":"admin","@id":"https:\/\/crosscountrymovingteams.com\/#\/schema\/person\/1b8121bfb9a1c55d1fff3fca675fceaa"},"headline":"Trump monetizing his social media account is \u2018odious\u2019 and \u2018brazen corruption\u2019 \u2014\u00a0or an attempt to revive a 70% stock price crash since election","datePublished":"2026-07-18T15:41:29+00:00","mainEntityOfPage":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=3684"},"wordCount":1009,"commentCount":0,"image":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=3684#primaryimage"},"thumbnailUrl":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/07\/93bfcc1f0ca051f0eebfbca39476856e.webp","articleSection":["White House"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/crosscountrymovingteams.com\/?p=3684#respond"]}]},{"@type":"WebPage","@id":"https:\/\/crosscountrymovingteams.com\/?p=3684","url":"https:\/\/crosscountrymovingteams.com\/?p=3684","name":"Trump monetizing his social media account is \u2018odious\u2019 and \u2018brazen corruption\u2019 \u2014\u00a0or an attempt to revive a 70% stock price crash since election - Cross Country Moving Team","isPartOf":{"@id":"https:\/\/crosscountrymovingteams.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=3684#primaryimage"},"image":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=3684#primaryimage"},"thumbnailUrl":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/07\/93bfcc1f0ca051f0eebfbca39476856e.webp","datePublished":"2026-07-18T15:41:29+00:00","author":{"@id":"https:\/\/crosscountrymovingteams.com\/#\/schema\/person\/1b8121bfb9a1c55d1fff3fca675fceaa"},"breadcrumb":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=3684#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/crosscountrymovingteams.com\/?p=3684"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/crosscountrymovingteams.com\/?p=3684#primaryimage","url":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/07\/93bfcc1f0ca051f0eebfbca39476856e.webp","contentUrl":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/07\/93bfcc1f0ca051f0eebfbca39476856e.webp","width":1200,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/crosscountrymovingteams.com\/?p=3684#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/crosscountrymovingteams.com\/"},{"@type":"ListItem","position":2,"name":"Trump monetizing his social media account is \u2018odious\u2019 and \u2018brazen corruption\u2019 \u2014\u00a0or an attempt to revive a 70% stock price crash since election"}]},{"@type":"WebSite","@id":"https:\/\/crosscountrymovingteams.com\/#website","url":"https:\/\/crosscountrymovingteams.com\/","name":"Cross Country Moving Team","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/crosscountrymovingteams.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/crosscountrymovingteams.com\/#\/schema\/person\/1b8121bfb9a1c55d1fff3fca675fceaa","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/crosscountrymovingteams.com"],"url":"https:\/\/crosscountrymovingteams.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/posts\/3684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3684"}],"version-history":[{"count":0,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/posts\/3684\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/media\/3683"}],"wp:attachment":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}