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Lawsuit Accuses Donald Trump of Profiting From $2 Billion in Crypto Deals
Donald Trump and World Liberty Financial are accused in a lawsuit of profiting from $2 billion in crypto deals.
J. Benjamin Greenberg filed a federal civil lawsuit Thursday in Washington accusing President Donald Trump and World Liberty Financial of profiting from over $2 billion in crypto deals. The complaint alleges Sheikh Tahnoon bin Zayed Al Nahyan of the UAE bought a 49% stake in World Liberty for $500 million in January 2025 and purchased $2 billion in USD1 stablecoins. Attorney Matt Pelikan claims these actions violate the Foreign Emoluments Clause, while White House spokesperson Anna Kelly called the suit frivolous.
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Lawsuit Accuses Donald Trump of Profiting From $2 Billion in Crypto Deals
Attorney Matt Pelikan filed the lawsuit on Thursday, seeking to force the President to return the disputed funds to American taxpayers. The filing claims the Trump family's crypto company corruptly profited from foreign-linked digital asset transactions. The lawsuit argues these actions breach constitutional prohibitions against government officials accepting foreign emoluments. Legal representatives for the President have not yet issued a formal response to the specific allegations.