Circle Shareholder Sues Trump Over UAE Deals Tied to World Liberty: Report
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J. Benjamin Greenberg, a shareholder in Circle Internet Group, filed a federal lawsuit Thursday against US President Donald Trump and World Liberty Financial, alleging that two transactions linked to the United Arab Emirates violated the Constitution’s Foreign Emoluments Clause. The case raises questions about whether Trump’s crypto business interests created an unfair advantage over competitors, including Circle, whose USDC stablecoin competes with World Liberty’s USD1. Lawsuit Targets World Liberty’s UAE-Linked Transactions Greenberg’s complaint concerns the $500 million sale of a 49% stake in World Liberty to an investment vehicle backed by a member of the ruling family of the UAE. It also centers on the use of USD1 by Abu Dhabi-based MGX to fund a $2 billion investment in Binance.
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