‘It’s so corrosive to democracy’: Over 50 federal prosecutors speak out against Trump’s $100,000 a month ‘insider trading’ scheme

More than 50 former federal prosecutors and law enforcement officials have joined forces to challenge Donald Trump's new $100,000 monthly service on Truth Social, a platform run by his media company. The group argues that the service could violate several federal criminal statutes, as it allows users to gain early access to the president's posts, which may contain market-moving government information.

This potential conflict of interest has been compared to insider trading, with some experts labeling it as such. The group, consisting of former officials from various presidential administrations, has expressed concerns that the scheme could be detrimental to democracy and public trust. They urge a federal judge to issue a preliminary injunction to prevent the service's launch, citing the potential for criminal liability for both Trump and its subscribers.