Lawsuit accuses Trump of illegally profiting off foreign crypto deals

Live updates

1. 2h ago

   Lawsuit Accuses Trump of Illegally Profiting Off Foreign Crypto Deals

   A federal lawsuit filed against President Donald Trump and his family-backed cryptocurrency venture, World Liberty Financial, alleges illegal profiteering exceeding $2 billion in digital currency deals. The legal complaint points to transactions involving Sheikh Tahnoon bin Zayed Al Nahyan, the national security advisor to the United Arab Emirates, claiming the arrangements violate the Constitution's foreign emoluments clause. Filed in U.S. District Court in Washington by a shareholder of competitor Circle Internet Group, the litigation names Trump, World Liberty, U.S. Middle East Special Envoy Steve Witkoff, and four related limited liability companies as defendants.

   Why it matters

   The lawsuit targets World Liberty Financial, a cryptocurrency business backed by the Trump family, intensifying scrutiny over the commercial entanglements of high-ranking administration figures. Attorney Matt Pelikan stated the litigation aims to stop alleged corruption and force the president to return profits to taxpayers. Plaintiffs argue that no previous president has engaged in similar financial transactions with foreign officials.

   What is confirmed

   • A new lawsuit accuses President Donald Trump and World Liberty Financial of corruptly profiting off more than $2 billion in digital currency-related deals.
   • The suit centers on allegedly illegal foreign emoluments involving World Liberty and Sheikh Tahnoon bin Zayed Al Nahyan, the national security advisor to the United Arab Emirates.
   • The federal civil complaint was filed by J. Benjamin Greenberg, a shareholder and former employee of Circle Internet Group.
   • Defendants named in the suit include Trump, World Liberty, U.S. Middle East Special Envoy Steve Witkoff, and four related limited liability companies.
   • Attorney Matt Pelikan stated that the lawsuit aims to stop the corruption and force President Trump to return the profits to American taxpayers.

   What to watch next

   • Responses and legal motions filed by President Donald Trump, World Liberty Financial, and co-defendants in U.S. District Court
   • Further disclosures regarding the specific terms and financial flows of the UAE-linked cryptocurrency deals
   Sources used for this update (14)

   1. help.naver.com — Futures Flat As Oil Rebounds After Trump's "Energy Ceasefire" Unravels, Memory Stocks Slide | ZeroHedge
   2. flipboard.com — Beloved singer’s wife killed after welcoming robbery suspects with lemonade
   3. CNBC — Lawsuit accuses Trump of illegally profiting off foreign crypto deals
   4. Politico — Crypto shareholder sues Trump, family-backed crypto venture
   5. Yahoo Finance — Trump and Crypto Firm Sued for Profiting From Foreign Government
   6. MS NOW — Trump faces federal lawsuit over his questionable cryptocurrency empire
   7. The Daily Beast — Trump Humiliated in Bombshell Crypto Lawsuit
   8. www.cnbc.com — Lawsuit accuses Trump of illegally profiting off foreign ...
   9. elderofziyon.blogspot.com — 10/23 Links Pt1: Two IDF soldiers killed in terrorist shooting near Hebron; Israel’s democracy is strong, even though extremists....
   10. spectrumlocalnews.com — Lawsuit accuses Trump of illegally profiting from UAE investments in his family's crypto firm
   11. www.wol.com — Lawsuit accuses Trump of illegally profiting off foreign ...
   12. www.ms.now — Trump faces lawsuit over his cryptocurrency empire - MS NOW
   confidence 100%