Trump’s $15B NYT Lawsuit Rejected but Refiler Twist Triggers $TRUMP Coin Selloff
A federal choose has struck down former U.S. President Donald Trump’s $15 billion lawsuit in opposition to The New York Times, a case that accused the paper of defamation and election interference.
The ruling, delivered by Judge Steven D. Merryday of the Middle District of Florida, criticized the submitting as improper beneath Rule 8 of the Federal Rules of Civil Procedure, citing its size, tone, and political rhetoric.
The criticism stretched throughout 85 pages, with defamation counts not showing till web page 80.
The choose famous that it contained prolonged reward of Trump’s enterprise profession, his tv present The Apprentice, and assaults on what it known as “legacy media,” materials that the court docket deemed extreme and irrelevant.
Judge Rejects Trump’s $TRUMP Coin 480-Page Lawsuit, Orders Slimmed-Down Refiling
In placing the case, the court docket left Trump’s authorized crew 28 days to amend and submit a shorter model not exceeding 40 pages.
Trump’s swimsuit, filed on September 16, accused the Times and several of its reporters, together with Susanne Craig and Russ Buettner, of publishing defamatory articles and a e-book that allegedly broken his popularity and price billions in model worth.
The criticism additionally named Penguin Random House, which printed Lucky Loser: How Donald Trump Squandered His Father’s Fortune and Created the Illusion of Success.
Donald Trump sues The New York Times for defamation and reputational hurt tied to the $TRUMP meme coin.#Trump #Nytimeshttps://t.co/Cr4grd0Qgi
— Cryptonews.com (@cryptonews) September 16, 2025
Trump alleged that the Times acted as a “mouthpiece of the Democrat Party” and engaged in “persistent election interference,” pointing to its endorsement of Kamala Harris throughout the 2024 presidential election.
In an announcement on Truth Social, he framed the case as a protection in opposition to a long time of “false, malicious, and defamatory” reporting.
The New York Times dismissed the claims as meritless. A spokesperson stated the lawsuit sought to stifle impartial reporting and reaffirmed the paper’s dedication to defending First Amendment rights.
While the authorized battle performs out, markets reacted swiftly. The rejection of the lawsuit and the potential refiling despatched shockwaves into the world of digital property, significantly the Trump-linked $TRUMP coin.
Following the court docket order, the token noticed sharp promote stress, with merchants citing authorized uncertainty and renewed volatility in property tied to Trump’s political model.
For the crypto sector, the case carries implications that reach past the fast value swings. Industry observers famous three potential areas of impression:
- Crypto companies could spotlight the ruling as a reminder of the dangers tied to political tokens and personalities, utilizing it to advocate for stronger investor schooling.
- Exchanges itemizing such tokens could introduce stricter danger disclosures, positioning themselves as accountable actors in a market delicate to political developments.
- Media-driven volatility might present new alternatives for platforms providing derivatives and hedging merchandise, as merchants search to handle sudden swings triggered by political information.
The court docket’s order displays Trump’s broader technique of focusing on media retailers with litigation. Earlier this 12 months, he pursued circumstances in opposition to The Wall Street Journal and ABC News anchor George Stephanopoulos, with settlements reportedly topping $15 million.
His ongoing battles with nationwide information organizations spotlight the intersection of politics, media, and markets within the run-up to the following election cycle.
Following the lawsuit, the value of Official Trump (TRUMP) has continued to slip, buying and selling at $8.43 after a 3.1% drop previously 24 hours and a 4.4% decline over the previous month.
Trump Token Tests Key Support Amid Prolonged Decline
The token stays 88.5% under its all-time high of $73.43. On the TRUMP/USDT 4-hour chart, the asset has been locked in a protracted downtrend since mid-July, with a descending trendline repeatedly capping makes an attempt at restoration.
Current value motion reveals TRUMP testing resistance close to $8.80–$9.00, a zone that coincides with the trendline. A confirmed shut above $9.00 would sign a breakout, probably opening a path towards $9.50–$10.20.
Support has repeatedly held between $8.00 and $8.20, making a base that has prevented deeper declines. Should this stage fail, the following key assist lies at $7.80, which analysts warn might re-establish bearish momentum.
Traders are watching carefully for affirmation. A protracted place setup round $8.50–$8.80, with a cease loss just under $8.10, presents a risk-to-reward ratio of roughly 2:1.
Analysts notice, nevertheless, that persistence is required. “I by no means enter the second a trendline breaks. I watch for the retest,” the analyst stated, highlighting the significance of affirmation earlier than committing.
TRUMP stays in a make-or-break zone, with momentum hinging on whether or not the $9.00 resistance lastly offers means.
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