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Greenberg v. Trump · No. 26-cv-03686
Key Takeaways
- Challenged deal: $500 million for 49% stake
- MGX settled $2 billion Binance investment in USD1
- Circle reserve income: 95% of Q2 revenue
- Binance invested $100 million in Circle in September
J. Benjamin Greenberg, a former Circle software engineer, filed the derivative suit in federal court in Washington on October 22, CNBC reported.
Two UAE deals, one before the inauguration and one after
The complaint targets two transactions tied to Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser. In the first, an entity he backs agreed to pay $500 million for 49% of World Liberty, four days before Trump’s January 2025 inauguration.
In the second, announced in May 2025, MGX, an Abu Dhabi state-backed fund he chairs, used World Liberty’s U...
English (US)