Circle Shareholder Sues Trump and World Liberty Over UAE-Linked Deals, Alleging Unconstitutional Profits According to Bloomberg, a Circle shareholder has sued President Donald Trump and World Liberty Financial, alleging that Trump violated the U.S.
Constitution’s Foreign Emoluments Clause through two UAE-linked transactions: the $500 million sale of a 49% stake in World Liberty and a $2 billion Binance investment funded using its USD1 stablecoin
The plaintiff claims the deals harmed Circle investors through unfair competition and seeks the return of alleged illegal profits and damages. Circle said it was not involved in the lawsuit, while World Liberty denied the allegations. — link