The Oval · the presidency, priced
The office now has a price list.
We track money in Congress. This page tracks it one building over. In 2026 the sitting President disclosed 3,642 personal stock trades in a single quarter, reported $1.4 billion in crypto income, and the company he owns 41% of began selling traders the fastest access to his market-moving posts for $100,000 a month. Every number on this page is public record.
The pattern
Our readFour things now come in two tiers.
Read the sections below in any order and the same shape keeps appearing. Something that used to be one thing for everyone is now two things, and which one you get depends on what you can pay. We are not calling that a crime. We are pointing out that it is a structure, and structures outlive administrations.
The $100,000 feed
They sold the head start.
First, the correction that matters. The White House is not the vendor. Trump Media & Technology Group, a publicly traded company, sells Truth API. The President holds roughly 41% of it through a revocable trust of which he is the sole beneficiary. The government is not taking the money. The officeholder benefits anyway. That structure is the whole story, and it is why the arrangement is hard to attack with existing law.
- 01Jul 16, 2026
The product is announced
Trump Media unveils Truth API, a licensed real-time feed of posts from the 10 most influential Truth Social accounts, pitched to banks and trading firms.
CNN Business - 02Jul 18, 2026
The price leaks
$100,000 a month for the fastest tier. A discounted $60,000 a month is pitched to firms that sign a three-year commitment.
CNBC - 03Jul 28, 2026
Two senators ask the SEC to look
Warren and Schiff write SEC Chair Paul Atkins asking for a legal review before launch, citing laws on insider trading and market manipulation.
Senate Banking (minority) - 04Jul 2026
The House opens an investigation
Judiciary Ranking Member Jamie Raskin launches an investigation into the arrangement and the President's financial interest in it.
House Judiciary Democrats - 05Aug 1, 2026
It goes live anyway
Truth API launches with round-the-clock coverage and an archive back to 2022. Truth Social says at least five firms have signed up at the $100,000 tier.
NPR
“Truth API is designed to deliver posts the instant they are made public to everyone, not before.”
The company frames it as a licensed distribution feed and a high-margin recurring revenue stream, not an early look.
France 24“An outrageous abuse of the President's office for his personal benefit that undermines everyday investors and the integrity of our markets.”
Their letter asks the SEC to determine whether the product runs afoul of insider trading and market manipulation law.
CNBCWhat it actually means
Our read- Both statements can be true. Trump Media can be publishing to everyone at once and still be selling an edge. A firm with a wired-in machine feed acts on a post before a human can finish reading it. Simultaneous delivery and unequal advantage are not in conflict.
- The market-moving part is the product. The pitch is not that the posts are interesting. It is that they move prices, which means the value being sold is the price impact of official statements about tariffs, rates, and companies.
- Insider trading law is a poor fit, which is the problem. Those rules generally target trading on confidential information in breach of a duty. A public post is not confidential. This is a gap, not a loophole being exploited, and gaps get closed by legislation, not enforcement.
- It sets a price on access. Once presidential communications carry a subscription fee, the speed of official information becomes a thing that can be bought. That is new, and it will outlast whoever holds the office.
The referees
“The SEC is looking into it.” Who can fire the SEC?
Every section above ends the same way: someone is investigating. That reassurance is worth exactly as much as the investigator's job security. On June 29, 2026 the Supreme Court changed that answer for most of the government, and the change is far bigger than who got appointed to what.
The end of the independent agency
The Court overruled Humphrey's Executor, a 91-year-old precedent that let Congress protect agency commissioners from being fired at will. Chief Justice Roberts called it “a result in search of a rationale.” The holding: the Constitution vests the entire executive power in the President, so officers exercising it must remain subject to his removal. The for-cause protections at the FTC, the NLRB, the SEC and dozens of similar commissions no longer stand.
The Fed held.
On the same day, in Trump v. Cook, the Court split 5–4 and refused to let the President remove Fed Governor Lisa Cook while her case proceeds. It expressly carved the Federal Reserve out of the rule it had just announced. Trump had moved to fire Cook in August 2025 over alleged mortgage misrepresentations predating her 2021 nomination, a removal attempt without precedent in the Fed's 112-year history. She is still in her seat.
The Fed chair is a presidential nominee, and always has been. Jerome Powell was Trump's own pick in 2018 and then spent years publicly refusing him on rates. Appointment is not the same as control, which is why the removal power was the thing worth fighting over, and why the Fed keeping its protection is the one real check left standing in this story.
What he owns
The 927-page disclosure.
Released by the Office of Government Ethics on June 30, 2026, covering 2025. Federal disclosure only requires broad value bands, not exact figures, so every number below is a floor or a range, never a precise total.
Reported in the annual disclosure, driven largely by token ventures. Roughly $635M of it tied to sales of the $TRUMP meme coin.
NBC NewsProceeds from token sales tied to the crypto venture, plus roughly $65M more from related equity sales.
TimeIncome from the resort and club business, the traditional core of the Trump Organization.
CNBCTransferred Dec 17, 2024 to the Donald J. Trump Revocable Trust, of which he is the sole beneficiary. Roughly 41% of the company that sells Truth API.
OGE Form 278eWhy the Trump Media stake matters most. It is the line that connects this section to the one above. The asset generating the $100,000-a-month subscriptions is the same asset sitting in his trust. Revenue from selling access to his posts flows to a company he is the sole beneficiary of.
Clemency
The other price list.
The pardon power is absolute, unreviewable, and answerable to no court. It is the one presidential authority with no check at all, which makes it the sharpest test of whether an office is being run for the public or for its customers. What follows is the documented record: who was pardoned, and what they or their allies had given or spent. Whether one caused the other is exactly what Congress is investigating and what nobody has established.
Binance founder, pleaded guilty in 2023 to anti-money-laundering violations. Binance spent roughly $800,000 on lobbying tied to clemency, including $450,000 to a firm run by a longtime associate of Donald Trump Jr. Binance had worked with the Trump family's World Liberty Financial.
TimeNikola founder, convicted in 2022 of misleading investors. He and his wife donated at least $3 million to the 2024 campaign and aligned groups after the conviction. The pardon wiped out roughly $680 million in restitution owed to the shareholders he defrauded.
Washington PostA central figure in the Jack Abramoff lobbying scandal. He donated to a congressman's leadership PAC on June 30 and was pardoned three days later. He gave roughly $270,000 to Trump-affiliated committees in the 2024 cycle and has hosted Mar-a-Lago fundraisers.
NOTUSA bicameral congressional investigation is examining 17 clemency grants, requesting communications with federal officials and records of donations to the President or groups in his orbit. No findings have been issued.
CBS NewsWho actually pays for a pardon
Our readNot the taxpayer. When clemency erases a restitution order, the bill lands on the people the fraud was committed against. Trevor Milton's pardon cancelled roughly $680 million owed to shareholders he was convicted of misleading. They had a judgment, and then they did not, and there is nothing to appeal. That is the part of the pardon story that never makes the headline.
The trades
3,642 trades in 84 days.
Filed May 8, 2026 on OGE Form 278-T, covering January 6 to March 30. For scale, the previous filing showed 191 transactions across the final two months of 2025. This is the first time a sitting president has disclosed individual securities trading at this volume while in office.
Technology led every sector, with at least $43M purchased and $24M sold. On March 23 alone the filing shows 283 purchases against 17 sales, a date that coincides with index rebalancing.
“All of our assets are invested in a blind trust by the largest financial institutions in broad market indexes.”
Eric Trump, on X, May 15, 2026, replying to Sen. Warren.
A broad-market index fund produces one line item. The disclosure the President signed lists 3,642 individual transactions in named companies including Nvidia, AMD and Palantir. The Trump Organization's position is that “neither President Trump, his family, nor The Trump Organization plays any role in selecting, directing, or approving specific investments.”
Yahoo FinanceTrades that sat close to decisions
These are timing coincidences drawn from the public filing and public policy dates. Nobody has established what anyone knew or when. We list them because proximity is checkable and a reader can weigh it.
$500,001 to $1,000,000 purchased. Export controls on the company's chips were relaxed about a week later.
CBS NewsHundreds of thousands of dollars purchased. The President publicly praised the company on April 7.
CBS NewsUp to roughly $730,000 purchased, coinciding with favorable federal decisions on GLP-1 drugs.
CBS NewsPost to market
Why the feed is worth $100k.
Nobody pays six figures a year for social media unless the posts move money. The clearest public example is on the record.
“THIS IS A GREAT TIME TO BUY!!!”
A post announcing a 90-day pause on most of the newly announced tariffs.
Stocks turned sharply higher within minutes of the 1:18 p.m. post. One of the largest single-day gains in recent memory.
What we will and will not claim. Our price data is daily closes, so we can honestly show day-scale moves and nothing finer. The Truth API advantage is measured in milliseconds, which no free data source can verify. We are building a running post-to-market ledger and will publish it only with timestamps we can stand behind. Until then, one documented case, clearly labeled, beats a wall of numbers we cannot defend.
The norm
No law required it. Every president did it anyway.
The blind trust is not a statute. It is a habit, started by Lyndon Johnson in 1963 and kept by both parties for sixty years, because a president who cannot see his holdings cannot be accused of steering policy toward them.
18 U.S.C. § 208
The federal criminal conflict-of-interest statute bars executive branch officials from working on matters that touch their own financial interests. By its own definitions it does not apply to the President or the Vice President. Congress wrote that carve-out deliberately, on the reasoning that the job is too broad to recuse from, and on the expectation that presidents would hold themselves to a higher standard voluntarily. The same statute does not reach members of Congress or federal judges either.
Around him
It is not one desk.
The President is one filer. Senior appointees file too, and unlike him they are covered by § 208. Their disclosures are where the conflicts get specific.
1,600+ appointees on file
ProPublica published roughly 3,200 disclosure records covering the President, the Vice President and more than 1,500 appointees, and documented a pattern of financial ties to the industries those officials regulate.
ProPublicaSales before the tariff news
Attorney General Pam Bondi and Transportation Secretary Sean Duffy were among executive branch officials who sold stock before tariff announcements that moved markets. What any of them knew, and when, is not established.
ProPublicaRegulators holding what they regulate
Reported examples include a Pentagon deputy secretary overseeing a $151B missile defense program while retaining a financial relationship with a private equity firm whose portfolio companies win work on it.
ProPublicaApril 9, 2025
“It's Main Street's turn.”
Treasury Secretary Scott Bessent said it to a room of bankers at the American Bankers Association's Washington Summit. It became the administration's signature economic line, repeated for a year afterward. Here it is in full, next to what else happened that day.
“For the last four decades, basically since I began my career in Wall Street, Wall Street has grown wealthier than ever before, and it can continue to grow and do well. But for the next four years, the Trump agenda is focused on Main Street. It's Main Street's turn. It's Main Street's turn to hire workers. It's Main Street's turn to drive investment, and it's Main Street's turn to restore the American Dream.”
- That morning“THIS IS A GREAT TIME TO BUY!!!”
- 1:18 p.m.The 90-day tariff pause is posted. Markets turn sharply higher within minutes.
- CloseS&P +9.5%Roughly a year later, the fastest access to posts like that one went on sale for $100,000 a month.
We are not claiming an order of events between the speech and the post. Both are on the public record for April 9, 2025.
Same standard, every desk.
Our readWe hold this page to the standard we hold the Senate to, and it is the same standard we would apply to any occupant of this office. The rest of this site documents members of both parties trading around their own committee work, and the numbers there are not flattering to anyone. A president trading individual stocks is a bigger version of a problem Congress has refused to fix for itself, and the bills that would fix it cover both branches at once. If you think this page is partisan, check the Senate pages and see who is on them.
Bipartisan. Would bar stock ownership by members of Congress, the President and the Vice President, effective January 2029.
Sen. Andy Kim's bill. Would ban individual stock ownership across all three branches.
Every number above is public record — here's where
Facts ruthless, analysis labeled.Trade counts, dollar ranges, dates and quotes above come from federal disclosure filings and published reporting, each linked to its source. Federal disclosure reports value in broad bands, so dollar figures are ranges, not exact amounts. Lines marked “Our read” are our interpretation, not new facts. Nothing here alleges a crime. The Warren and Schiff letter is a request for an SEC review, the Raskin action and the bicameral pardon inquiry are investigations, and no finding of wrongdoing has been made against any person or company named on this page. Pardons are a lawful and unreviewable presidential power; we report donations, lobbying spending and clemency dates as documented facts and do not assert that one caused another. Trump Media states that Truth API delivers posts publicly and not in advance, and that statement is quoted in full above. The Trump Organization states that the President and his family play no role in selecting specific investments, also quoted above. Non-partisan: the target is a structure both parties built and both parties decline to fix. Nothing here is investment advice.