According to Cointelegraph, a Circle shareholder has filed a lawsuit naming former U.S. President Donald Trump, World Liberty, and financial advisor Steve Witkoff as defendants, alleging that actions taken by these parties contributed to challenges faced by the company’s USD Coin (USDC) stablecoin.
The shareholder asserts that Trump’s involvement—specifically through a reference to “corruption” linked to USD1—impacted Circle’s ability to compete effectively with other stablecoins in the market. The claim suggests this factor played a role in harming USDC’s operational or competitive position.
No further details are provided regarding the legal basis, timing of the alleged conduct, names of additional parties involved, or specific actions by World Liberty or Witkoff beyond what is stated. The lawsuit does not include numerical figures, direct quotes from officials, or verification statements from regulators.
