TRUMP Token Tumbles: NYT Accused in $15 Billion Lawsuit

TRUMP Token Tumbles: New York Times Accused in $15 Billion Lawsuit

Written by Aaron S.,

Editor-In-Chief

Last Updated: September 17, 2025

Key Takeaways

The New York Times is facing a lawsuit from Donald Trump, who claims its reporting harmed the value and reputation of the TRUMP token;
The lawsuit claims the Times’ coverage harmed Trump’s businesses and reputation, especially among Florida residents;
A book release and film trailer timing are also cited as factors that allegedly hurt Trump Media’s stock value.

Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. Participate Now! 🔥

BITDEGREE IN YOUR SOCIAL FEED

President Donald Trump has accused The New York Times' coverage of hurting the reputation and value of the TRUMP token, a meme coin developed on the Solana SOL $233.73 blockchain.

The lawsuit, which seeks $15 billion in damages, was filed on September 15 in a federal court in Florida.

According to the complaint, The New York Times published a series of articles and a book that falsely portrayed President Trump.

How Does Cryptocurrency Work? (Explained with Animation)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

He argued that these publications caused financial harm to his businesses, including the meme coin and other assets tied to his name and public image. One specific claim is that readers in Florida were left with a poor impression of the TRUMP token due to The New York Times’ reporting.

However, the lawsuit does not mention any direct impact on other crypto-related ventures linked to President Trump, such as World Liberty Financial, which is owned and operated by his family.

President Trump also takes issue with a book co-written by two of The New York Times reporters. The legal filing argued that the release of that book was timed to coincide with the launch of a film trailer for The Apprentice, a movie that follows Trump’s rise in the 1980s.

The lawsuit stated that this timing led to a drop in the value of shares in Trump Media & Technology Group.

Although the TRUMP token was officially launched in January 2025, before President Trump’s inauguration, the lawsuit focuses on stories published in the fall of 2024.

Recently, President Trump took legal steps to challenge a court ruling involving Federal Reserve Governor Lisa Cook. What does the filing reveal? Read the full story.