Circle shareholder files federal lawsuit against Trump and World Liberty Financial alleging Foreign Emoluments Clause violations over UAE-linked transactions.

Regulation & Gov · 2026-10-23

J. Benjamin Greenberg brought a federal lawsuit alleging that Donald Trump and World Liberty Financial violated the Foreign Emoluments Clause through transactions connected to the UAE, claiming harm to Circle shareholders. The case centers on a $500 million stake sale in World Liberty and a $2 billion Binance investment, with allegations that Trump gained improper benefits from foreign payments. World Liberty Financial and the White House each rejected the claims as without merit, and Circle stated it did not initiate the suit.

Previously on Telem

Circle shareholder sues Trump over $500M and $2B UAE deals 2026-10-22
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Lawsuit alleges Trump, World Liberty Financial illegally profited $2B 2026-10-22
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