Follow UsCircle shareholder sues Trump, World Liberty and Steve Witkoff over crypto deals
Bearish-0.03%
22 Oct, 21:39
Source: Cointelegraph
AI Summary
A Circle shareholder lawsuit alleges that President Trump's involvement with World Liberty Financial's USD1 stablecoin has created an unfair competitive disadvantage for Circle's USDC, raising legal and reputational risks for the stablecoin sector.
According to a Circle shareholder, the US president’s “corruption” through USD1 left the company unable to compete with stablecoins, harming USDC.