Crypto company sues Trump and his crypto business for corruption

Benjamin Greenberg, a shareholder of Circle Internet Group, has filed a lawsuit against Donald Trump and the cryptocurrency company World Liberty Financial. The legal action alleges that Trump has engaged in corrupt practices by accepting over two billion dollars in payments from the United Arab Emirates. According to the lawsuit, these transactions violate the United States Constitution, which prohibits presidents from accepting payments from foreign governments without congressional approval. The claimant specifically points to an incident where an Abu Dhabi sheik acquired a 49 percent stake in World Liberty just days before Trump's January 2025 inauguration, an investment that allegedly granted the Emirates access to restricted American AI technology.

The complaint further accuses Trump of profiting significantly from his office, noting that he reported 1.4 billion dollars in income from his crypto projects last year. This case marks another instance of accusations regarding potential conflicts of interest, as critics highlight Trump's continued involvement in various financial sectors that overlap with his presidential policy decisions. While the White House maintains that the president's assets are managed independently, the lawsuit suggests these financial entanglements represent an unprecedented level of self-dealing.