A Circle shareholder sued Donald Trump, World Liberty Financial and special envoy Steve Witkoff in a federal court in Washington, alleging they violated the constitutional clause barring U.S. officials from accepting emoluments from foreign governments. The Greenberg v. Trump complaint targets a $500 million investment in World Liberty and a $2 billion MGX investment in Binance settled in USD1. The plaintiff seeks the return of profits, damages and disclosure of other foreign crypto payments, while Circle, World Liberty and the White House reject the allegations. Three similar lawsuits filed during Trump’s first term were never decided on the merits, and it remains unsettled whether a stablecoin purchase or an investment bought at market price qualifies as an emolument.
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