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Regulation

Ex-Circle Engineer Takes Trump to Court Over Emirati Payments to World Liberty Financial

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A longtime Circle shareholder filed suit against President Donald Trump on Thursday, alleging that two UAE-linked deals with his family’s crypto firm, World Liberty Financial , violated the Constitution’s Foreign Emoluments Clause and pulled stablecoin business away from Circle’s USDC. J. Benjamin Greenberg , a software engineer who worked at Circle from 2016 to 2018 and holds 10,000 of its shares, brought the case derivatively, on Circle’s behalf rather than his own, in the U.S. District Court for the District of Columbia. Circle has reportedly distanced itself from the filing. “Circle did not initiate, direct, authorize, or participate in the filing,” a company spokesperson was quoted as saying by CNBC. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter .

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