Trump sues The New York Times for $1.5 billion, claiming the report defamed TRUMP tokens

ChainCatcher news, according to CryptoSlate, U.S. President Donald Trump has filed a lawsuit against The New York Times, several journalists, and Penguin Random House in the federal court for the Middle District of Florida, seeking $15 billion in damages. The lawsuit claims that the aforementioned reports and the book have harmed Trump's reputation and disparaged the TRUMP project he supports; The New York Times responded that the lawsuit is baseless. CryptoSlate states that this lawsuit comes at a time when Trump's memecoin is facing significant market losses, with the $TRUMP token having dropped over 88% since its launch.