Trump (R) was Sued 10/22/2026 by a Cryptocurrency Company that Claims Trump Violated the Constitution by Profiting from Deals with a United Arab Emirates Official while in Office. Filed in the U.S. District Court for the District of Columbia, the Lawsuit names the Trump, His Longtime Friend and Special Envoy Steve Witkoff (R), and World Liberty Financial, the Crypto Venture co-founded by Trump’s Family, Accusing them of “corruptly profiting” from more than $2 billion in Deals.
“No president in American history has profited from his office so brazenly,” said the Lawsuit, Filed by a Shareholder of Circle Internet Group. “The President himself has openly admitted that the lack of consequences emboldens him, not only to continue using his high office to enrich himself, but to expand the fortune he is extracting from the trust the American people placed in him.”
The Plaintiff is Joel Greenberg, a Shareholder in Circle, a Publicly Traded Crypto Company that Competes with World Liberty Financial. At the Heart of the Lawsuit, Greenberg Alleges that Trump is Violating the Constitution’s Foreign Emoluments Clause by Profiting from a Foreign Government without Congressional Approval.
Greenberg also Alleges that Trump Diverted Business away from Circle by Accepting Hundreds of Millions of Dollars, Harming the Ccompany’s Shareholders. “The President himself has openly admitted that the lack of consequences emboldens him, not only to continue using his high office to enrich himself, but to expand the fortune he is extracting from the trust the American people placed in him.”
The Plaintiff is Joel Greenberg, a Shareholder in Circle, a Publicly Traded Crypto Company that Competes with World Liberty Financial. At the Heart of the Lawsuit, Greenberg Alleges that Trump is Violating the Constitution’s Foreign Emoluments Clause by Profiting from a Foreign Government without Ccongressional Approval. Greenberg also Alleges that Trump Diverted Business away from Circle by Accepting Hundreds of Millions of Ddllars, Harming the Company’s Shareholders.
The Case, filed 10/22/2026, Alleges that Trump Violated the Constitution. Four days before Trump’s Inauguration, for example, the Trump Family sold 49% of World Liberty Financial for $500 million, to an Investment Entity Backed by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s National Security Adviser, the Lawsuit states. Financial Disclosures Confirmed this Purchase after He became President, the Suit Alleged.
TheSsuit also Claims Tahnoon Orchestrated a Scheme to Inflate the Value of Trump’s Crypto Holdings. It Points to MGX, a UAE Government Created Investment Fund Tahnoon Chairs, which Announced a $2 billion Investment in the Crypto Exchange Binance just weeks after Trump took Office. World Liberty Financial then Announced the Launch of its Own Stablecoin, USD1, which MGX used to Pay for the Binance Deal.
“The President brazenly violated the Constitution in order to enrich himself, his family, and his business, at a direct cost to Circle. He needs to be held accountable,” Greenberg said in a Statement provided to the Daily Beast.
Trump later made Headlines for Pardoning Changpeng Zhao, the Billionaire Founder of Cryptocurrency Exchange Binance, who was Convicted of Money Laundering.
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