Crypto: Trump and World Liberty sued over $2.5 billion deals
Donald Trump and World Liberty Financial are facing a new lawsuit related to their crypto activities. J. Benjamin Greenberg, a Circle shareholder, claims that two crypto transactions linked to the United Arab Emirates allowed the president and his companies to illegally benefit from foreign payments. The disputed transactions total $2.5 billion: $500 million for a 49% stake in World Liberty and $2 billion invested in Binance through the USD1 stablecoin.
A Circle shareholder is suing Trump and World Liberty Financial.
Two crypto transactions linked to the Emirates, totaling $2.5 billion, are at the center of the lawsuit.
Circle distances itself from the lawsuit, while World Liberty rejects the allegations.
Two $2.5 billion crypto deals at the center of the lawsuit
The lawsuit was filed Thursday in federal court in Washington. J. Benjamin Greenberg, a Circle shareholder and former employee of the company, is suing Donald Trump, World Liberty Financial, several affiliated companies, and Steve Witkoff, the U.S. special envoy for the Middle East.
The first crypto deal was already known. A few days before Trump's inauguration in January 2025, a company backed by Sheikh Tahnoon bin Zayed Al Nahyan had agreed to buy a 49% stake in World Liberty for $500 million.
Tahnoon is the United Arab Emirates' national security adviser. Half the price—$250 million—was to be paid immediately. Previously published financial documents indicated that a significant portion of this sum was to go back to entities linked to the Trump family.
$TRUMP
$WOR.US
$LITEB
#CRİPTO
Donald Trump and World Liberty Financial are facing a new lawsuit related to their crypto activities. J. Benjamin Greenberg, a Circle shareholder, claims that two crypto transactions linked to the United Arab Emirates allowed the president and his companies to illegally benefit from foreign payments. The disputed transactions total $2.5 billion: $500 million for a 49% stake in World Liberty and $2 billion invested in Binance through the USD1 stablecoin.
A Circle shareholder is suing Trump and World Liberty Financial.
Two crypto transactions linked to the Emirates, totaling $2.5 billion, are at the center of the lawsuit.
Circle distances itself from the lawsuit, while World Liberty rejects the allegations.
Two $2.5 billion crypto deals at the center of the lawsuit
The lawsuit was filed Thursday in federal court in Washington. J. Benjamin Greenberg, a Circle shareholder and former employee of the company, is suing Donald Trump, World Liberty Financial, several affiliated companies, and Steve Witkoff, the U.S. special envoy for the Middle East.
The first crypto deal was already known. A few days before Trump's inauguration in January 2025, a company backed by Sheikh Tahnoon bin Zayed Al Nahyan had agreed to buy a 49% stake in World Liberty for $500 million.
Tahnoon is the United Arab Emirates' national security adviser. Half the price—$250 million—was to be paid immediately. Previously published financial documents indicated that a significant portion of this sum was to go back to entities linked to the Trump family.
$TRUMP
$WOR.US
$LITEB
#CRİPTO