Circle Shareholder Sues Trump, World Liberty and Witkoff Over USD1 Stablecoin Deals

TLDR A Circle shareholder filed a federal lawsuit against President Trump, World Liberty Financial and Steve Witkoff. The suit claims foreign money moving through the USD1 stablecoin left Circle’s USDC unable to compete. It centers on a $2 billion MGX investment in Binance that was paid using USD1. The plaintiff asks the court to rule [...]

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