Circle shareholder sues Trump, World Liberty and Steve Witkoff over crypto deals
Summary
Circle shareholder J. Benjamin Greenberg sued President Donald Trump, World Liberty Financial, Steve Witkoff and related entities, alleging their crypto dealings harmed Circle by giving foreign governments a route to use World Liberty’s USD1 stablecoin. The suit centers on Abu Dhabi-linked MGX’s $2 billion investment in Binance using USD1 and seeks a ruling that Trump violated the Constitution’s Foreign Emoluments Clause, as well as injunctions, an accounting and damages. Circle said it did not initiate or participate in the filing. World Liberty and the White House did not respond to requests for comment. The lawsuit adds to scrutiny of Trump family crypto ventures as Democrats make them an issue ahead of the 2026 midterms.
