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.
48 Articles
48 Articles
Trump and crypto firm sued for profiting off 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 U.S. Constitution.
Donald Trump Faces Lawsuit Over UAE Crypto Deals Worth More Than $2 Billion
A new federal lawsuit accuses President Donald Trump and his family’s crypto venture of turning foreign money into personal crypto profit, alleging violations of the Constitution’s ban on emoluments. The complaint targets more than $2 billion in UAE-linked deals. What the lawsuit alleges about World Liberty Financial’s UAE deals J. Benjamin Greenberg, a shareholder and […]
US President Donald Trump and World Liberty Financial, the cryptocurrency company Trump founded with his sons, have been sued by a shareholder of a competing cryptocurrency company. The plaintiff alleges that the president illegally profited financially from his office, which is contrary to the US Constitution.
Trump, crypto firm sued over $2 bn UAE-linked deals: What the World Liberty transactions reveal and why it matters
A Circle Internet Group shareholder sued Donald Trump, World Liberty Financial and others, alleging two UAE-linked crypto deals violated the Constitution’s Foreign Emoluments Clause and harmed Circle investors.
Volkskrant
TrouwUS President Donald Trump and World Liberty Financial, the cryptocurrency company that Trump founded with his sons, have been sued...
Algemeen Dagblad
US President Donald Trump and World Liberty Financial, the cryptocurrency company Trump founded with his sons, have been sued by a shareholder of a competing cryptocurrency company. The plaintiff alleges that the president illegally profited financially from his office, which is contrary to the US Constitution.
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