Circle shareholder sues Trump, Steve Witkoff and World Liberty over USD1 deals
CIE News ·
Based on reporting by Cointelegraph; not yet independently confirmed.
A Circle shareholder has filed a lawsuit against Donald Trump, Steve Witkoff, and World Liberty Financial, alleging corruption tied to USD1 that impaired USDC's market standing.
A Circle shareholder has filed a lawsuit against US President Donald Trump, Steve Witkoff, and World Liberty Financial alleging corruption involving the USD1 project, Cointelegraph reported on October 22, 2026. The legal filing claims that these actions prevented Circle from competing effectively against rival stablecoins. According to the plaintiff, the alleged conduct directly impaired the market standing and competitive position of USD Coin (USDC).
Key facts
- Lawsuit filed by Circle investor
- Defendants: Trump, Witkoff, WLF
- Involves USD1 project
- Claims harm to USDC competition
Read the original at Cointelegraph