Crypto shareholder sues Trump, family-backed crypto venture
The lawsuit focuses on two business deals linked to World Liberty Financial, the crypto firm Trump launched with his sons.
By Erica Orden
A shareholder of a crypto company on Thursday sued President Donald Trump and the crypto venture co-founded by his family in federal court, alleging Trump violated the Constitution by profiting off his office through a pair of deals linked to the United Arab Emirates.
“No president in American history has profited from his office so brazenly,” the lawsuit says. “The President himself has openly admitted that the lack of consequences emboldens him, not only to continue using his high office to enrich himself, but to expand the fortune he is extracting from the trust the American people placed in him.”
The complaint from a shareholder of Circle Internet Group accuses Trump of violating the foreign emoluments clause of the Constitution, which bars the president from accepting money or benefits from a foreign government without congressional approval. The complaint focuses on two deals involving World Liberty Financial, the crypto firm Trump co-founded with his sons.
A representative from the White House did not immediately respond to a request for comment. David Wachsman, a spokesperson for World Liberty Financial, said the company is “compliant with all U.S. laws and regulations.”
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.