Lawsuit accuses Trump of illegally profiting from UAE crypto investments
- On Thursday, Circle Internet Group shareholder J. Benjamin Greenberg sued President Donald Trump in the U.S. District Court for the District of Columbia, alleging violations of the Constitution's Foreign Emoluments Clause through crypto deals with the United Arab Emirates.
- The lawsuit claims Trump accepted two illegal foreign emoluments: a $500 million stake sale in World Liberty Financial and a $2 billion stablecoin investment, both involving entities backed by UAE national security adviser Sheikh Tahnoon bin Zayed Al Nahyan.
- Greenberg further cites Commerce Department approval for Nvidia chip sales and Treasury Department conditional approval in August 2026 for a World Liberty Financial trust bank as actions allegedly benefiting the Trump family.
- White House spokesperson Anna Kelly called the suit frivolous, while World Liberty Financial spokesperson David Wachsman dismissed the claims as meritless. Lauren Bis stated "President Trump's assets are in a trust. There are no conflicts of interest."
- Greenberg filed the derivative suit claiming World Liberty's competition harmed Circle shareholders; similar Emoluments Clause lawsuits during Trump's first term failed to recover funds. The complaint demands disclosure of the president's ongoing foreign crypto payments.
21 Articles
21 Articles
Cointelegraph
The New York LedgerCircle Shareholder Targets Donald Trump’s Alleged Crypto Corruption in Lawsuit
A Circle shareholder alleged in a lawsuit that Donald Trump, Steve Witkoff and World Liberty Financial harmed the stablecoin issuer through corruption involving USD1.
Trump and Crypto Firm Sued for Profiting From Foreign Government
Donald Trump and World Liberty Financial, the cryptocurrency venture he co-founded with his sons, were sued by a shareholder in a rival crypto firm over claims the president illegally profited from his office in violation of the US Constitution.
Crypto Shareholder Sues Trump And His Crypto Outfit
Politico reports: A shareholder of a crypto company on Thursday sued President Donald Trump and the crypto venture co-founded by his family in federal court, alleging Trump violated the Constitution by profiting off his office through a pair of deals linked to the United Arab Emirates. “No president in American history has profited from his … The post Crypto Shareholder Sues Trump And His Crypto Outfit appeared first on Joe.My.God..
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