President Donald Trump has accused The New York Instances’ protection of wounding the popularity and worth of the TRUMP token, a meme coin developed on the Solana
$235.29
blockchain.
The lawsuit, which seeks $15 billion in damages, was filed on September 15 in a federal courtroom in Florida.
Based on the grievance, The New York Instances printed a sequence of articles and a guide that falsely portrayed President Trump.
Do you know?
Subscribe – We publish new crypto explainer movies each week!
What’s VeChain? VeChain Coin Explainer (ANIMATED)
He argued that these publications precipitated monetary hurt to his companies, together with the meme coin and different belongings tied to his identify and public picture. One particular declare is that readers in Florida had been left with a poor impression of the TRUMP token as a consequence of The New York Instances’ reporting.
Nevertheless, the lawsuit doesn’t point out any direct impression on different crypto-related ventures linked to President Trump, resembling World Liberty Monetary, which is owned and operated by his household.
President Trump additionally takes situation with a guide co-written by two of The New York Instances reporters. The authorized submitting argued that the discharge of that guide 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 & Expertise Group.
Though the TRUMP token was formally launched in January 2025, earlier than President Trump’s inauguration, the lawsuit focuses on tales printed within the fall of 2024.
Just lately, President Trump took authorized steps to problem a courtroom ruling involving Federal Reserve Governor Lisa Cook dinner. What does the submitting reveal? Learn the complete story.
