From BigGo Finance · BigGo Finance · · 1m 10s
Trump, World Liberty Hit With Shareholder Suit Over $2 Billion in UAE Crypto Deals
Shareholder sues Trump, World Liberty over $2B UAE crypto deals claiming constitutional violations.
In brief
Shareholder sues Trump, World Liberty over $2B UAE crypto deals claiming constitutional violations. A Circle shareholder alleges President Trump violated the Foreign Emoluments Clause through $2 billion in UAE-linked crypto transactions. Originally reported by BigGo Finance.
Shareholder Sues Trump
A Circle Internet Group shareholder sued President Trump, World Liberty Financial and U.S. envoy Steve Witkoff over $2 billion in UAE-linked crypto deals.
“No president in american history has profited from his office so brazenly”
Alleged Constitutional Violation
The complaint claims Trump violated the Foreign Emoluments Clause by taking over $1.4 billion in crypto payments tied to the UAE.
Key Transactions
Days before Trump's January 2025 inauguration, a UAE-backed vehicle bought a 49% World Liberty stake for $500 million.
Second Transaction
Abu Dhabi's MGX fund purchased $2 billion of World Liberty's USD1 stablecoin to fund a transaction.
Trump's Reported Income
Trump reported more than $1.4 billion in crypto-related income in his 2025 financial disclosure, including nearly $800 million tied to World Liberty.
World Liberty Response
World Liberty called the claims meritless, stating it is compliant with all U.S. laws and no one works for the U.S. government.
The main idea
A Circle shareholder alleges President Trump violated the Foreign Emoluments Clause through $2 billion in UAE-linked crypto transactions.
