Trump Media and Technology Group (TMTG) has voluntarily dismissed its defamation lawsuit against The Guardian, which accused the media outlet of bias in its reporting on alleged money laundering involving $8 million in payments linked to entities associated with Vladimir Putin. The withdrawal was confirmed in a court filing in Sarasota County, Florida, and allows TMTG the option to refile the lawsuit later. The initial claims were based on a March 2023 report that detailed a criminal inquiry by New York prosecutors into financial transactions involving TMTG. A judge had previously thrown out most of the case, ruling that TMTG failed to demonstrate actual malice in The Guardian's reporting. In response to the lawsuit's dismissal, The Guardian welcomed the decision, asserting that their reporting was based on thorough fact-checking and credible sources. TMTG's withdrawal marks a rare instance of Trump backing down in legal actions against media companies, despite his history of pursuing aggressive litigation against them.