* Complaint seeks to bar exclusive Trump announcements on

paid feed

* Truth API charges up to $100,000 monthly for early access

to 10 accounts

* Trump's posts can move markets

* White House not available for comment

By Jonathan Stempel

NEW YORK, Aug 12 (Reuters) - Donald Trump was sued on

Wednesday by two media entities seeking to shut down a new

service that sells paid access to the U.S. president's posts,

including some that can move markets, on his Truth Social

platform.

The complaint filed in Manhattan federal court by the Intercept

and the Freedom of the Press Foundation challenges Truth API, a

feed offered by Trump Media & Technology Group ( DJT ) that

charges up to $100,000 a month for early access to 10

high-profile Truth Social accounts, including Trump's own.

Truth API launched on August 1, four days after Democratic

Senators Elizabeth Warren of Massachusetts and Adam Schiff of

California called on the U.S. Securities and Exchange Commission

to investigate whether it undermined the integrity of financial

markets while enriching Wall Street, wealthy insiders and Trump.

The White House did not immediately respond to a request for

comment. Other White House officials are also defendants but

Trump Media ( DJT ) is not.

Trump has long used Truth Social to disclose news, such as

on tariffs and Middle East conflicts, that can move prices of

stocks, oil and other markets.

Wednesday's lawsuit seeks to block the White House from

posting official government announcements exclusively on Truth

Social while the paid feed exists.

PLAINTIFFS CALL SERVICE 'PROFOUNDLY CORRUPT'

In the complaint, the plaintiffs called the Truth API

service "profoundly corrupt" because the president stands to

gain financially when subscribers sign up.

They also said the service violated the U.S. Constitution's

First Amendment because everyone deserved equal access to

Trump's announcements, and there was no legitimate government

interest in selling Trump's posts to private subscribers and

letting him profit.

According to the complaint, many of Trump's 9,000 to 11,000

Truth Social posts and reposts during his second White House

term were never followed by official White House statements.

A Trump Media ( DJT ) spokesperson said "countless" platforms and

news outlets, including many offering subscription feeds,

already disseminate information from Trump, a Republican.

"Now, left-wing activists are trying to wrongfully weaponize

the courts to censor him" and harm shareholders, the

spokesperson said.

On an earnings call on Monday, Trump Media ( DJT ) interim Chief

Executive Kevin McGurn said Truth API enabled subscribers to get

news "fractionally faster" than others.

TRUMP IS LARGEST SHAREHOLDER

The president is Trump Media's ( DJT ) largest shareholder, with a

41.3% stake worth approximately $950 million through his Donald

J. Trump Revocable Trust, Reuters data show.

His oldest son Donald Trump Jr. is a Trump Media ( DJT ) director

and oversees the trust.

Other accounts offered through Truth API include those of Vice

President JD Vance, Health and Human Services Secretary Robert

F. Kennedy Jr., FBI Director Kash Patel and the White House

itself, the complaint said.

The SEC's three current commissioners are Republican.