President Trump Alleges New York Times Harmed Meme Coin in $15 Billion Lawsuit
President Donald Trump has filed a $15 billion defamation lawsuit against the New York Times, claiming the publication harmed his Solana meme coin project and other business ventures. The lawsuit alleges that four Times reporters published false information, resulting in significant economic losses. It specifically states that the Times' reporting damaged the reputation of Trump's Solana token among Florida residents. The suit does not mention other digital assets, like World Liberty Financial. It claims the timing of a book release about Trump's wealth coincided with the launch of a trailer for "The Apprentice," leading to a drop in Trump Media & Technology Group's stock price. Following the January launch of the meme coin, its value initially soared but has since fallen over 88%. Trump's wealth has increased significantly due to crypto ventures, with a recent rise of $6 billion linked to World Liberty's token trading. The lawsuit was filed shortly after the Times published an investigation into World Liberty's business ties to a U.S.-UAE agreement on AI chips.
