A lawsuit filed this week alleges that Trump Media's Truth API is unconstitutional and requests that the service be shut down. The legal challenge centers on a product that provides traders with early access to market-moving posts.
Press freedom groups and two media organizations argue that the service violates the First and Fifth Amendments. They contend that the First Amendment guarantees equal access to a president's public pronouncements and does not permit early access to be sold.
The lawsuit arrives amid mounting backlash as Democratic lawmakers rally over the controversial early access scheme. Furthermore, experts warn that the product could violate securities laws.