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US President Donald Trump holds a printed copy of a post from his Truth Social account as he speaks in the Oval Office of the White House in Washington, DC on June 4, 2026.
(Photo by Brendan Smialowski/AFP via Getty Images)
Padilla Unveils Bill to Stop Trump From Selling Access to 'Market-Moving Social Media Posts'
"Americans deserve a government that works for them, not one that’s for sale to hedge funds and Wall Street banks."
Aug 04, 2026
US Sen. Alex Padilla on Tuesday introduced legislation aimed at blocking President Donald Trump, Vice President JD Vance, and future occupants of their offices from profiting by selling early access to official or personal social media posts that could move financial markets, calling the practice a blatant abuse of public office for private gain.
Padilla's (D-Calif.) Stop Corrupt Trading Act would prohibit any sitting president or vice president—and any business in which they hold a substantial financial interest—from selling advance or exclusive access to presidential social media announcements. It would also establish civil penalties for the sale of nonpublic government information through such services.
“This is out in the open—Donald Trump is the most corrupt president in American history," Padilla said in a statement introducing the legislation. "Despite already being the richest president in history, President Trump’s number one priority in office is to make himself richer while everyday Americans struggle to make ends meet."
“Selling access to his market-moving social media posts is just one example of the brazen corruption we’ve seen coming out of the Oval Office—and I am fighting back to put a stop to it," he added. "Americans deserve a government that works for them, not one that’s for sale to hedge funds and Wall Street banks that can afford the subscription fee.”
Padilla's bill comes days after the Trump Media & Technology Group (TMTG) launched a premium service offering subscribers expedited access to the president's Truth Social posts, a move that ethics watchdogs and government accountability advocates have warned could provide wealthy investors with an unfair advantage if presidential statements affect stock prices, tariffs, or other market-sensitive policies.
US House Judiciary Committee Ranking Member Jamie Raskin (D-Md.) responded to TMTG's move by announcing an investigation into what he called an "insider-information scheme."
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US Sen. Alex Padilla on Tuesday introduced legislation aimed at blocking President Donald Trump, Vice President JD Vance, and future occupants of their offices from profiting by selling early access to official or personal social media posts that could move financial markets, calling the practice a blatant abuse of public office for private gain.
Padilla's (D-Calif.) Stop Corrupt Trading Act would prohibit any sitting president or vice president—and any business in which they hold a substantial financial interest—from selling advance or exclusive access to presidential social media announcements. It would also establish civil penalties for the sale of nonpublic government information through such services.
“This is out in the open—Donald Trump is the most corrupt president in American history," Padilla said in a statement introducing the legislation. "Despite already being the richest president in history, President Trump’s number one priority in office is to make himself richer while everyday Americans struggle to make ends meet."
“Selling access to his market-moving social media posts is just one example of the brazen corruption we’ve seen coming out of the Oval Office—and I am fighting back to put a stop to it," he added. "Americans deserve a government that works for them, not one that’s for sale to hedge funds and Wall Street banks that can afford the subscription fee.”
Padilla's bill comes days after the Trump Media & Technology Group (TMTG) launched a premium service offering subscribers expedited access to the president's Truth Social posts, a move that ethics watchdogs and government accountability advocates have warned could provide wealthy investors with an unfair advantage if presidential statements affect stock prices, tariffs, or other market-sensitive policies.
US House Judiciary Committee Ranking Member Jamie Raskin (D-Md.) responded to TMTG's move by announcing an investigation into what he called an "insider-information scheme."
US Sen. Alex Padilla on Tuesday introduced legislation aimed at blocking President Donald Trump, Vice President JD Vance, and future occupants of their offices from profiting by selling early access to official or personal social media posts that could move financial markets, calling the practice a blatant abuse of public office for private gain.
Padilla's (D-Calif.) Stop Corrupt Trading Act would prohibit any sitting president or vice president—and any business in which they hold a substantial financial interest—from selling advance or exclusive access to presidential social media announcements. It would also establish civil penalties for the sale of nonpublic government information through such services.
“This is out in the open—Donald Trump is the most corrupt president in American history," Padilla said in a statement introducing the legislation. "Despite already being the richest president in history, President Trump’s number one priority in office is to make himself richer while everyday Americans struggle to make ends meet."
“Selling access to his market-moving social media posts is just one example of the brazen corruption we’ve seen coming out of the Oval Office—and I am fighting back to put a stop to it," he added. "Americans deserve a government that works for them, not one that’s for sale to hedge funds and Wall Street banks that can afford the subscription fee.”
Padilla's bill comes days after the Trump Media & Technology Group (TMTG) launched a premium service offering subscribers expedited access to the president's Truth Social posts, a move that ethics watchdogs and government accountability advocates have warned could provide wealthy investors with an unfair advantage if presidential statements affect stock prices, tariffs, or other market-sensitive policies.
US House Judiciary Committee Ranking Member Jamie Raskin (D-Md.) responded to TMTG's move by announcing an investigation into what he called an "insider-information scheme."
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