President Donald Trump has accused The New York Occasions’ protection of injuring the status and worth of the TRUMP token, a meme coin developed on the Solana
$245.27
blockchain.
The lawsuit, which seeks $15 billion in damages, was filed on September 15 in a federal court docket in Florida.
In response to the grievance, The New York Occasions revealed a sequence of articles and a e-book that falsely portrayed President Trump.
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He argued that these publications brought about monetary hurt to his companies, together with the meme coin and different property tied to his identify and public picture. One particular declare is that readers in Florida have been left with a poor impression of the TRUMP token on account of The New York Occasions’ reporting.
Nonetheless, the lawsuit doesn’t point out any direct impression on different crypto-related ventures linked to President Trump, akin to World Liberty Monetary, which is owned and operated by his household.
President Trump additionally takes difficulty with a e-book co-written by two of The New York Occasions reporters. The authorized submitting argued that the discharge of that e-book was timed to coincide with the launch of a movie trailer for The Apprentice, a film that follows Trump’s rise within the Nineteen Eighties.
The lawsuit acknowledged that this timing led to a drop within the worth of shares in Trump Media & Know-how Group.
Though the TRUMP token was formally launched in January 2025, earlier than President Trump’s inauguration, the lawsuit focuses on tales revealed within the fall of 2024.
Lately, President Trump took authorized steps to problem a court docket ruling involving Federal Reserve Governor Lisa Prepare dinner. What does the submitting reveal? Learn the complete story.
