Former Circle Engineer Sues Trump, WLFI Over UAE Crypto Deals

Joel Greenberg, a former Circle software engineer who holds about 10,000 Circle shares, filed a shareholder derivative lawsuit against Trump and World Liberty Financial in federal court in Washington. He alleges Trump profited from two crypto transactions linked to the UAE, violating the Constitution’s Foreign Emoluments Clause. One transaction involved the $500 million sale of a 49% stake in World Liberty Financial. Another was an investment fund established by the UAE government buying $2 billion in stablecoins. Greenberg asks the court to recover money Trump received through the deals and award damages.