Donald Trump sues The New York Times for $15 billion, alleging defamation and election interference.
The lawsuit highlights negative NYT coverage of his $TRUMP memecoin, Truth Social, and his family’s crypto ventures.
$TRUMP has lost over 80% of its market cap, raising concerns about investor manipulation and political entanglements.
Trump’s sons are increasingly active in crypto, amplifying public scrutiny.
The NYT has not issued a retraction and maintains its reporting is factual and protected under press freedom.
Trump’s legal team asserts that the New York Times engaged in a coordinated attack against his crypto project, his social media platform Truth Social, and the Trump Organization.
The First Page Of The Filing By President Trump
Source: CourtListener
The lawsuit cites a book and three articles published prior to the 2024 election, claiming they were false, malicious, defamatory, and disparaging.
As per the filing:
“The Times has become a leading, unapologetic purveyor of falsehoods against President Trump. It operates on a routine of industrial-scale defamation against political opponents.”
Trump also accuses the NYT of being part of a broader effort by legacy media to influence the 2024 election.
The lawsuit labels the paper a “full-throated mouthpiece for the Democrat party”, suggesting its editorial slant goes beyond journalism into active political campaigning.
The New York Times has frequently criticized the $TRUMP memecoin, spotlighting:
Its exposure to foreign investors
Significant losses by retail holders
Claims that it enables a “muzzle velocity for corruption” in U.S. politics
One article highlighted the coin’s ties to Justin Sun, a Chinese crypto billionaire and early investor in the token.
Justin Was Among The Top $TRUMP Holders Invited To The President’s Private Dinner
Source: X (@justinsuntron)
Sun reportedly received support from Trump’s World Liberty Finance, serving briefly as a project advisor before the relationship soured.
Despite early hype, $TRUMP has plummeted in value, from a peak market cap of $8.8 billion to its current level of $1.7 billion, a drop of over 80%.
The memecoin, once hailed by supporters as a beacon of financial freedom, has become emblematic of what critics call “crypto sleaze” surrounding the Trump brand.
Trump’s sons, Eric Trump and Donald Trump Jr., are increasingly tied to the crypto space. They’ve been:
Partnering with crypto prediction markets
Working with blockchain-backed streaming platforms
Investing in companies tied to Tether, a stablecoin often scrutinized for transparency issues
These ventures raise concerns about conflicts of interest, especially as the family maintains strong political aspirations.
The lawsuit was reportedly triggered by renewed NYT coverage of Trump’s alleged correspondence with Jeffrey Epstein, including a birthday letter containing a poem and some ‘adult’ material.
Trump has vehemently denied authorship and claims the publication’s framing of the incident was defamatory and politically motivated.
Trump is suing for $15 billion, claiming the NYT defamed him and damaged the reputation of his $TRUMP memecoin, Truth Social, and other affiliated businesses.
$TRUMP is a memecoin launched under the Trump brand, promoted as a political and financial statement. It gained massive traction before losing over 80% of its value.
Justin Sun is a Chinese crypto billionaire who initially supported $TRUMP. He was later blacklisted by Trump’s financial organization, World Liberty Finance.
Trump claims the lawsuit is a response to media bias and defamation, but critics argue it’s part of his broader campaign against mainstream media ahead of the next election cycle.
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