Trump’s $15B NYT Lawsuit Rejected but Refiler Twist Triggers $TRUMP Coin Selloff

Core Viewpoint - A federal judge has dismissed Donald Trump's $15 billion lawsuit against The New York Times, citing improper filing and excessive political rhetoric, allowing for a potential refiling with a shorter complaint [1][3]. Group 1: Legal Proceedings - The lawsuit was criticized for its length and tone, spanning 85 pages with defamation claims appearing only on page 80 [1]. - The court has given Trump's legal team 28 days to submit a revised complaint not exceeding 40 pages [3]. - The complaint accused The New York Times and its reporters of defamation, claiming damages to Trump's reputation and brand value [3][4]. Group 2: Content of the Lawsuit - The lawsuit included extensive praise for Trump's business career and attacks on "legacy media," which the court deemed excessive and irrelevant [2]. - Trump alleged that The New York Times acted as a "mouthpiece of the Democrat Party" and engaged in "persistent election interference" [4]. Group 3: Market Reactions - The dismissal of the lawsuit has led to significant sell pressure on the Trump-linked $TRUMP coin, reflecting legal uncertainty and volatility in assets associated with Trump's political brand [5][6]. - The case serves as a reminder of the risks associated with political tokens, prompting calls for stronger investor education within the crypto sector [6].