President Donald Trump has filed a $15 billion lawsuit against the New York Times, claiming the paperās reporting damaged the reputation of his meme coin project and other business interests. The lawsuit, submitted in a Florida federal court on Monday, argues that multiple articles and a book published in 2024 contained false information that harmed his brand and ventures. šš„
According to the filing, the coverage negatively influenced public opinion in Florida, where Trumpās Solana-based meme coin later launched in January 2025. While the reporting came months before the coinās debut, Trumpās legal team claims it caused āenormousā economic losses across his businesses. But wait, the reporting was months before the coin launched! Thatās like blaming the weather for your garden dying after you forgot to water it. š§ļøš»
A Clash of Politics, Media, and Crypto
The case highlights how deeply Trump has tied his wealth and political brand to cryptocurrency. Trumpās token quickly became one of the most high-profile meme coins in the market. Shortly after launch, it soared to a valuation above $73 billion, driven by hype around his return to the presidency. But the momentum didnāt last. The token has since crashed by over 88%, with its market value now hovering near $8.6 billion. So, the token went from $73B to $8.6B. That’s a 88% crash, but hey, at least it’s not a 100% crash. Yet. šā”ļøš
The lawsuit argues that negative reporting weakened confidence in the project, though critics point to the tokenās speculative nature as the main reason for its volatility. Critics say it’s the token’s nature, but Trump’s team says it’s the NYT’s fault. Because nothing says ‘I’m a victim’ like blaming the media for your own financial missteps. š°šø
Other Crypto Ventures Still Flourishing
Interestingly, the suit does not list Trumpās other crypto endeavors, such as World Liberty Financial (WLFI), the familyās blockchain platform. Earlier this month, WLFIās governance token began trading freely, unlocking a surge in value. The tokenās debut boosted the Trump familyās collective net worth by about $6 billion, showing that not all of their digital asset projects have struggled. Ah, the old ‘I’m suing the NYT but not mentioning my other crypto ventures’ move. Classic. š¤”
Trump Media & Technology Group, which operates Truth Social, has also invested heavily in blockchain and digital finance. The lawsuit claims that the Timesā reporting and a related book were timed to coincide with promotional campaigns for āThe Apprenticeā movie, triggering a steep drop in Trump Mediaās stock price. So, the NYTās reporting is to blame for your stock dropping? Thatās a new level of denial. šš
A Political and Financial Battle
The timing of Trumpās lawsuit has raised eyebrows, coming just hours after the Times published another investigation. That report linked World Liberty Financialās success to a recent U.S.-UAE deal involving AI chips, suggesting the platform benefited from political ties. Timing is everything, and Trump’s legal team is as precise as a clockwork orange. ā°šŖ
At the same time, Trumpās influence on the crypto sector continues to grow. Industry leaders like Chainlink co-founder Sergey Nazarov have hinted at potential collaborations with the Trump administration to bring Wall Street, government services, and even voting systems on-chain. Collaborations with Trump? That’s like inviting a tornado to your picnic. šŖļøšļø
For now, Trumpās legal fight against the Times adds another layer of drama to an already turbulent mix of politics, media, and cryptocurrency. Because nothing says ‘chaos’ like a billionaire suing a newspaper over a meme coin. š§ š„
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
Why is Donald Trump suing the New York Times?
Trump filed a $15B lawsuit claiming the Times published false reporting that damaged his meme coinās reputation and caused significant economic losses across his business ventures. Because heās a man of the peopleā¦ and a man of the lawsuits. šļøāļø
How has Trump influenced the crypto industry?
Trumpās advocacy has increased political acceptance of crypto, with potential collaborations to onboard Wall Street and government services onto blockchain networks. Because nothing says ‘trust me’ like a billionaire and a blockchain. š¦š
What is the connection between Trump Media and crypto?
Trump Media & Technology Group, behind Truth Social, invests in blockchain and digital finance, though its stock price faced pressure from negative media timing. So, the NYTās reporting is to blame for your stock dropping? Thatās a new level of denial. šš
Read More
- Silver Rate Forecast
- Gold Rate Forecast
- Brent Oil Forecast
- USD THB PREDICTION
- Bitcoinās Descent: Bounce or Breakdown? ššø
- DeFi Meltdown: Yearn Financeās yETH Pool Drained by a Rogue Algorithm š¤šø
- Bitcoinās Bizarre Bull Run: ETFs, Elves, and Explosive Tokens! š
- Dogecoin Price Analysis: Can DOGE Make a Comeback or Is It Just Another Doggone Fad?
- Bitcoin, Privacy & Sh*tcoins: The Wild Debate You Didnāt Know You Needed š
- SHIBās Secret Sauce: Gaming, Burning, and a Dash of Decentralization šš°
2025-09-17 11:34