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Trump’s $15 Billion Lawsuit Claims NYT Contributed to TRUMP Token Decline - Unchained
President Donald Trump has filed a $15 billion defamation lawsuit against The New York Times and Penguin Random House.
The lawsuit alleges that the newspaper and several of its journalists intentionally disparaged his reputation, including targeting his TRUMP crypto project, harming its market value and investor confidence
The TRUMP token has lost over 88% of its value since its launch in January, and Trump’s legal team argues that negative coverage by the Times worsened this decline.
This story is an excerpt from the Unchained Daily newsletter.
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The suit also names book publishing firm Penguin, which published an alleged “defamatory book” about the President that Trump’s lawyers say was released during the election season to inflict political damage.
“They practiced this longterm INTENT and pattern of abuse, which is both unacceptable and illegal. The New York Times has been allowed to freely lie, smear, and defame me for far too long, and that stops, NOW! The suit is being brought in the Great State of Florida,” said Trump in a Truth Social post.