Trump Sued by Circle Shareholder Over $2 Billion in UAE Crypto Money
Photo: Bitcoin.com News
A Circle shareholder has filed a federal lawsuit accusing President Donald Trump and World Liberty Financial of pocketing more than $2 billion in UAE-linked crypto payments in violation of the U.S. Constitution. The plaintiff is J. Benjamin Greenberg, a former Circle employee who still holds the company’s stock. He filed a derivative suit, meaning he is suing on Circle’s behalf rather than his own. Circle issues USDC, the second-largest dollar stablecoin , and Greenberg alleges that foreign money routed through USD1 left Circle “unable to compete.” Bitcoin.com News recently reported that Circle keeps just 7% of its $1.4 billion in…
Also reported by CoinTurk News.
Source: Bitcoin.com News
