Trump Media puts a price tag on the president’s market-moving posts
Senator Ron Wyden, ranking Democrat on the Senate Finance Committee, said the plan would benefit the Trump family and “make Wall Street traders rich,” while Senator Elizabeth Warren called it “an egregious scheme to profit off the presidency and enrich Wall Street,” both according to Reuters.
Ethics specialists agreed on the optics while splitting on the law.
Donald Sherman of Citizens for Responsibility and Ethics in Washington told Reuters the arrangement would be “wildly unethical,” though he said it was unclear whether it was illegal.
Securities lawyer Robert Frenchman offered the counterpoint, telling the same outlet that “a tech platform can tier its distribution of information without violating federal securities laws.”
Financial media ran hotter.
