{"id":242836,"date":"2026-10-22T21:23:58","date_gmt":"2026-10-22T21:23:58","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=242836"},"modified":"2026-10-22T21:23:58","modified_gmt":"2026-10-22T21:23:58","slug":"circle-shareholder-sues-trump-alleging-unconstitutional-profits-from-2b-uae-crypto-deals","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=242836","title":{"rendered":"Circle Shareholder Sues Trump, Alleging Unconstitutional Profits From $2B UAE Crypto Deals"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Circle Shareholder Sues Trump, Alleging Unconstitutional Profits From $2B UAE Crypto Deals<\/a><\/p>\n

<\/div>\n

A shareholder from one of the world\u2019s biggest digital asset companies has sued U.S. President Donald Trump for alleged crypto corruption.\u00a0<\/p>\n

The lawsuit, filed<\/a> on Thursday by shareholder and former Circle employee J. Benjamin Greenberg, alleges that a member of the United Arab Emirates ruling family agreed to pay half a billion dollars into the Trump-backed World Liberty Financial business \u2014 in direct violation of the Constitution.\u00a0<\/p>\n

Circle is the fintech company behind the stablecoin, USDC. Regulators in the U.S. are fast pushing ahead with pro-crypto rules despite lawmakers last month blocking landmark digital asset legislation, which President Trump backed<\/a>.\u00a0<\/p>\n

A number of lawmakers didn\u2019t back the draft legislation \u2014 the Clarity Act \u2014 because they said that the Trump family had illicitly cashed in on crypto ventures.\u00a0<\/p>\n

\u201cThe corruption at issue is not subtle, and it is not hidden,\u201d the lawsuit alleges. \u201cSince returning to office,\u00a0 President Donald J. Trump and his family have built a cryptocurrency business and invited foreign states to route money to him by paying into it. Foreign money has answered.\u201d<\/p>\n

The lawsuit goes on to allege that an investment fund created by the government of Abu Dhabi also gave the president $2 billion via World Liberty Financial\u2019s USD1 stablecoin product.\u00a0<\/p>\n

World Liberty Financial is a decentralized finance project co-founded by the president and his sons.<\/p>\n

President Trump stopped being involved in the project after taking office in 2025.\u00a0<\/p>\n

Thursday\u2019s lawsuit adds that the president allegedly gave the Emirati leadership access to advanced artificial intelligence chips and pardoned a convicted felon in turn for the crypto investment. It references a February Wall Street Journal article that reported<\/a> the deal.\u00a0<\/p>\n

\u201cAlthough the President has dressed his corrupt arrangements in the language of new technology \u2014 tokens and stablecoins, holding companies and reserve yields \u2014 that vocabulary must not obscure what this is: the oldest form of public corruption, a public official taking money from a foreign power,\u201d the lawsuit further says.\u00a0<\/p>\n

It alleges that the president has \u201ccorruptly\u201d profited from $2 billion via the deals.\u00a0<\/p>\n

President Trump, World Liberty, and U.S. Middle East Special Envoy Steve Witkoff are named as the defendants in the lawsuit.\u00a0<\/p>\n

The president campaigned on a ticket to help the crypto industry and received major financial backing from the space but some Washington lawmakers have criticized the way the Trump family has profited from digital asset ventures.<\/p>\n

Trump and the White House have always denied any conflicts of interest. The president in August, ahead of the crypto Clarity Act vote, said<\/a> that Democrats criticizing his family crypto ventures had made money from stock trading.\u00a0<\/p>\n

This post Circle Shareholder Sues Trump, Alleging Unconstitutional Profits From $2B UAE Crypto Deals<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Circle Shareholder Sues Trump, Alleging Unconstitutional Profits From $2B UAE Crypto Deals A shareholder from one of the world\u2019s biggest digital asset companies has sued U.S. President Donald Trump for alleged crypto corruption.\u00a0 The lawsuit, filed on Thursday by shareholder and former Circle employee J. Benjamin Greenberg, alleges that a member of the […]<\/p>\n","protected":false},"author":0,"featured_media":242837,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-242836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/242836"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=242836"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/242836\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/242837"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=242836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=242836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=242836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}