Trump Sues New York Times Over $TRUMP Meme Coin – What’s at Stake?
President Donald Trump has launched a $15 billion lawsuit in opposition to The New York Times, escalating his long-running battle with main U.S. media shops.
The case, filed late Monday in a Florida courtroom, accuses the newspaper of defamation and libel over its reporting, endorsements, and commentary on the President.
Trump Accuses Times of ‘Election Interference’ in Suit
The go well with names The New York Times Company, reporters Susanne Craig, Russ Buettner, Peter Baker, and Michael S. Schmidt, together with the writer Penguin Random House.
It cites a number of articles and a e book, “Lucky Loser: How Donald Trump Squandered His Father’s Fortune and Created the Illusion of Success,” authored by Craig and Buettner, which Trump’s authorized crew described as “false, malicious, and defamatory.”
According to the filing, the reporting induced “reputational harm” to Trump’s private model and enterprise pursuits, together with his media firm’s inventory worth, amounting to billions of {dollars} in damages.
In a press release posted to Truth Social, Trump accused the Times of being “a full-throated mouthpiece of the Democrat Party” and fascinating in “a decades-long technique of mendacity” about him, his household, and his political motion.
He framed the lawsuit as a response to what he referred to as the paper’s “unlawful marketing campaign contribution” to Democrats, pointing particularly to its front-page endorsement of Kamala Harris in the course of the 2024 presidential election marketing campaign.
This authorized motion comes amid a broader sample of Trump focusing on information organizations. In July, he filed a lawsuit against The Wall Street Journal and its proprietor, Rupert Murdoch, after it reported on a crude word linked to Jeffrey Epstein, which Trump has denied writing.
His crew has additionally pursued circumstances in opposition to ABC News anchor George Stephanopoulos and Paramount’s 60 Minutes, each of which have been settled for sums exceeding $15 million.
The newest lawsuit claims the Times has deserted journalistic requirements and engaged in election interference via its protection and endorsements.
The submitting additionally references Trump’s tv profession, asserting that “The Apprentice” succeeded due to his “distinctive enterprise acumen” and charisma, whereas dismissing reporting on his monetary historical past as defamatory.
The New York Times has rejected the claims. In a press release, a spokesperson mentioned, “This lawsuit has no benefit. It lacks any professional authorized claims and as an alternative is an try to stifle and discourage impartial reporting.
“The New York Times is not going to be deterred by intimidation techniques. We will proceed to pursue the details with out worry or favor and rise up for journalists’ First Amendment proper to ask questions on behalf of the American folks.”
The case exhibits Trump’s aggressive use of litigation in opposition to what he describes as “faux information” shops, elevating questions on press freedom and the political stakes as he continues to place himself at the middle of the U.S. media and political panorama.
Trump Meme Coin ETF Proposed as Token Loses 88% From January Peak
On August 27, crypto fund supervisor Canary Capital filed to launch the first U.S. spot exchange-traded fund (ETF) tied on to President Donald Trump’s meme coin, TRUMP.
The submitting, beneath the Securities Act of 1933, pledges full token backing held in regulated custody, setting it aside from earlier ETF proposals that sought publicity via offshore subsidiaries.
If permitted, it might be the primary ETF in U.S. historical past linked to a sitting president’s private crypto undertaking. Yet analysts stay skeptical. Bloomberg’s Eric Balchunas famous that spot ETFs often require a futures marketplace for at least six months earlier than gaining SEC approval.
TRUMP lacks that framework, making approval unsure regardless of the SEC’s softened stance on crypto beneath Trump’s management. In February, the fee declared that meme cash weren’t securities, inserting them past direct oversight.
The submitting comes as TRUMP continues to struggle in the market. The token is buying and selling round $8.59, up 1.7% prior to now 24 hours however down 9% over the previous month. It has misplaced 88% of its worth since peaking at $73.43 in January, the day earlier than Trump’s inauguration.
Daily buying and selling volumes have collapsed from $36 billion in January to about $300 million, indicating fading retail curiosity.
The @realDonaldTrump household’s internet value surged by $1.3 billion this week, fueled by the buying and selling debut of American Bitcoin (ABTC) and good points from @worldlibertyfi.#Trump #WLFIhttps://t.co/hZronk3iOI
— Cryptonews.com (@cryptonews) September 8, 2025
Despite volatility, Trump’s household has leaned further into crypto. Cryptonews estimates the president and his family have earned greater than $620 million from digital belongings, which now account for 9% of his $6 billion fortune.
Real property, as soon as 86% of his wealth, has dropped to about half.
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