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Lawsuit claims Trump profited from $2.5B crypto deals linked to UAE, violating US Constitution

Market News
22 Oct 2026
Tokenpost
View Source
Bearish
Lawsuit claims Trump profited from $2.5B crypto deals linked to UAE, violating US Constitution

Joel Greenberg, a former Circle software engineer and shareholder, filed a lawsuit accusing Donald Trump of profiting from two cryptocurrency transactions connected to the UAE, allegedly violating the Foreign Emoluments Clause of the US Constitution. The transactions include a $500 million sale of a 49% stake in World Liberty Financial and a $2 billion stablecoin investment fund established by the UAE government. Greenberg seeks to recover the money Trump received and demands disclosure of other foreign crypto payments. World Liberty Financial denies Trump's involvement in the equity sale and says he holds no position in the company. The case could have implications for transparency and legal accountability in foreign crypto dealings involving US officials.

The lawsuit involving former Circle engineer Joel Greenberg and Donald Trump over UAE crypto deals provides context for readers following cryptocurrency markets. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 23, 2026 10:21 WIB: out of 50 major cryptocurrencies, 10 rose and 39 fell today. Notable movers include ATOM (Cosmos) with a price of Rp32.357 and a 1-day change of +4.69%, ENJ (Enjin Coin) down 3.88% at Rp483, and BAT (Basic Attention Token) down 3.88% at Rp3.124, with respective Pluang order activities showing predominantly selling for ATOM and ENJ, but buying for BAT.

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