News
Circle Shareholder Sues Trump Over UAE Crypto Deals
A Circle shareholder has filed a lawsuit in Washington federal court alleging that President Donald Trump and his family benefited from foreign-government transactions that diverted lucrative stablecoin business from USDC. The complaint, filed on October 22, challenges a $500 million investment in Trump's World Liberty Financial and a separate $2 billion transaction settled using the USD1 stablecoin. The lawsuit claims that the payments violated constitutional restrictions on benefits from foreign governments and that millions of dollars from the deal flowed to Trump after his inauguration.