Trump Sues New York Times For $15B Defamation
Trump Files $15 Billion Defamation Lawsuit
Former U.S. President Donald Trump has filed a $15 billion defamation lawsuit against The New York Times, claiming the outlet damaged his personal brand, Trump Media & Technology Group, and his crypto ventures. The lawsuit, submitted in a federal court in Florida, marks a significant escalation in Trump’s ongoing legal battles with major U.S. media organizations.
Allegations Of Media Bias In The 2024 Election
In the filing, Trump accuses The New York Times of abandoning journalistic standards and acting as a “mouthpiece for the Democratic Party.” He points to articles, endorsements, and the book Lucky Loser by reporters Susanne Craig and Russ Buettner as examples of malicious and false reporting. Trump also claims that the release of the book was deliberately timed to coincide with the trailer of the film The Apprentice, creating a negative impact on Trump Media’s stock price.
The New York Times quickly dismissed the accusations, calling the lawsuit baseless and an attempt to intimidate independent journalism. A spokesperson stated that the publication “will not be threatened by tactics designed to silence reporting.”
Trump’s Solana-Based Meme Coin Loses Value
A striking aspect of the lawsuit is Trump’s effort to link reputational harm to the decline of his meme coin projects launched on the Solana blockchain. Trump Coin, which initially surged above $40 shortly after its January release, has since plummeted to around $8.63—a nearly 80% drop from its peak. Daily trading volume has also fallen to roughly $175 million, signaling reduced investor enthusiasm.
Melania Coin, a token tied to the former First Lady, has fared even worse. From a launch price of several dollars, it crashed to just $0.20 by mid-September 2025. With daily trading volume at only $5.5 million, the coin reflects weaker liquidity and waning interest compared to Trump’s primary crypto token.
Trump’s Growing Crypto Fortune
Despite the struggles of meme coins, Trump and his family have reportedly reaped massive profits from other digital assets. The launch of the WLFI token by World Liberty Financial is said to have generated $6 billion, while broader crypto holdings added another $620 million. Analysts estimate that cryptocurrencies now account for about 9% of Trump’s $6 billion net worth, whereas real estate—once his core asset class—has declined to roughly half of his total wealth.
Conclusion
Trump’s $15 billion lawsuit against The New York Times is more than just a defamation case; it highlights the intersection of politics, media bias, and cryptocurrency markets. While his meme coins on Solana have suffered steep losses, Trump remains financially strong thanks to significant gains from other digital assets. The battle underscores how reputation, financial innovation, and political influence are increasingly intertwined in today’s digital era.
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