Warren, Schiff urge SEC to probe Trump Media's paid service giving faster access to Trump's posts

Sen. Adam Schiff (D-CA) and Sen. Elizabeth Warren (D-MA) arrive for a vote series at the U.S. Capitol on September 30, 2025 in Washington, DC.Kent Nishimura | Getty ImagesSens. Elizabeth Warren and Adam Schiff asked the U.S. Securities and Exchange Commission to investigate whether Trump Media & Technology Group is violating the law by selling faster access to President Donald Trump's Truth Social posts."This appears to be an outrageous abuse of the President's office for his personal benefit that undermines everyday investors and the integrity of our markets, while enriching Wall Street and other wealthy insiders," the Democratic senators wrote in a letter to SEC chair Paul Atkins dated Tuesday.They asked Atkins to complete a legal analysis of Trump Media's new service, including laws that "prohibit insider trading and market manipulation," before it begins on Aug. 1.Trump Media did not immediately respond to CNBC's requests for comment on the letter from Warren, the Senate Banking Committee's ranking member from Massachusetts, and California's Schiff, a member of the Senate Judiciary Committee. The SEC declined to comment.Trump's family is the largest stakeholder in the publi...