Trump sued over $2.5B crypto deals with Abu Dhabi
- —The suit was filed by Circle shareholder J. Benjamin Greenberg in a federal court in Washington
- —An Abu Dhabi-backed investment firm bought 49% of World Liberty Financial for $500 million
- —MGX invested $2 billion in Binance using World Liberty's USD1 stablecoin
- —USD1's market value has reached about $4 billion, per CoinGecko
Why it matters: The lawsuit intensifies scrutiny of Trump's crypto business and could weigh on US market regulation, including the stalled Clarity Act.
Source: Newsbit