Trump and World Liberty sued over crypto deals tied to the United Arab Emirates

FinanceInternationalBloomberg LíneaOct 22, 2026, 6:50 PM45 s readAI summary

J. Benjamin Greenberg, a Circle Internet Group shareholder, sued Donald Trump and World Liberty Financial in a federal court in Washington. He alleges that two World Liberty crypto transactions with the United Arab Emirates violated the Foreign Emoluments Clause and harmed Circle investors, as World Liberty competes with Circle in the stablecoin market. World Liberty says the allegations are "baseless" and that it complies with US law; Circle said it did not take part in the lawsuit.

In 45 seconds

Greenberg, a Circle shareholder, filed a derivative lawsuit in a federal court in Washington against Trump and World Liberty Financial.
The suit points to two UAE transactions: the sale of a 49% stake in World Liberty for US$500 million and the purchase of its stablecoin by Abu Dhabi's MGX fund.
The plaintiff alleges a violation of the Foreign Emoluments Clause and seeks to bar the conduct, disgorge profits and obtain unspecified damages.

Read the full story at Bloomberg Línea

IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.

criptomonedas
stablecoins
World Liberty Financial
Trump
demanda

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Trump and World Liberty sued over crypto deals tied to the United Arab Emirates

In 45 seconds

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