Shareholder Sues Trump Over UAE Crypto Profits
A federal lawsuit filed by a Circle Internet Group shareholder accuses President Donald Trump and his family’s crypto venture, World Liberty Financial, of violating the Constitution’s Foreign Emoluments Clause. The suit alleges that Trump profited from over $2 billion in digital currency deals involving the United Arab Emirates without congressional consent. Key claims include a $500 million stake purchase by an entity backed by UAE national security advisor Sheikh Tahnoon bin Zayed Al Nahyan and a $2 billion stablecoin transaction. The White House and World Liberty Financial deny any conflicts of interest, calling the claims frivolous and meritless. The plaintiff seeks a court order for Trump to disclose and return illegal foreign profits.