Circle shareholder sues Trump, World Liberty and Steve Witkoff over crypto deals

What happened: Circle shareholder J. Benjamin Greenberg filed a lawsuit against Donald Trump, World Liberty Financial, affiliate entities and Steve Witkoff over crypto deals, alleging harm to Circle's ability to compete with USDC. Key numbers: $2 billion MGX investment into Binance using USD1 in 2025; $500 million for a 49% World Liberty stake; Greenberg holds Why it matters: The suit seeks a declaration that Trump violated the Foreign Emoluments Clause and injunctions against similar financial interests without Congress' consent. Circle said it did not initiate or authorize the filing.

Circle shareholder J. Benjamin Greenberg filed a lawsuit against Donald Trump, World Liberty Financial, affiliate entities and Steve Witkoff over crypto deals, alleging harm to Circle's ability to compete with USDC.

The suit seeks a declaration that Trump violated the Foreign Emoluments Clause and injunctions against similar financial interests without Congress' consent. Circle said it did not initiate or authorize the filing.