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Lawsuit alleges UAE-linked deals benefited Trump via World Liberty, challenging crypto transactions under Foreign Emoluments Clause.

Market News
22 Oct 2026
Blockonomi
View Source
Bearish
Lawsuit alleges UAE-linked deals benefited Trump via World Liberty, challenging crypto transactions under Foreign Emoluments Clause.

A shareholder lawsuit against Circle alleges two UAE-linked transactions violated the Foreign Emoluments Clause by benefiting former President Donald Trump through his crypto business, World Liberty Financial. The complaint highlights a $500 million sale of a 49% stake in World Liberty just before Trump's 2025 inauguration and a $2 billion Binance investment made using World Liberty's USD1 stablecoin. The suit seeks recovery of alleged unlawful profits, disclosure of foreign crypto payments, and unspecified damages. Circle denies involvement, and World Liberty calls the claims meritless. The case remains unresolved in federal court, drawing attention to Trump-family crypto interests amid regulatory scrutiny.

Binance Coin (BNB) trades at Rp13.168.174 on Pluang as of Oct 23, 2026 05:42 WIB. The token's market cap stands at Rp1.739,61 trillion with a 24-hour volume of Rp24,12 trillion. Pluang users show a 61% sell and 39% buy order split, holding BNB typically for 90 days. This trading activity occurs while Binance is mentioned in the lawsuit involving World Liberty Financial and crypto dealings linked to former President Trump.

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