California · United Arab Emirates · Federal Reserve (FED) · Donald Trump · Bitcoin · Decrypt
Justin Sun Accuses Trump-Backed World Liberty of Applying UAE Ties to Escape Federal Court
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Justin Sun’s legal fight with World Liberty Financial now hinges on a question of nationality.
Key facts
- Less than a week later, Sun says, the company amended the disclosure to list 22 members in its ownership chain, with citizenship in Florida, Delaware, Puerto Rico, and the UAE
- Justin Sun’s legal fight with World Liberty Financial now hinges on a question of nationality
- The Tron founder said Tuesday on X that his lawyers have asked a federal court in California to sanction the Trump family-backed crypto venture over how long it took to disclose that its ownership
- Sun says he is one of World Liberty’s earliest and largest investors
Summary
Justin Sun said his lawyers filed a motion seeking sanctions against World Liberty Financial over the timing of its disclosure that its ownership gives it UAE citizenship. Sun says World Liberty first listed Florida as its only citizenship, then amended its filing to list 22 members and UAE ties, and now argues the federal court lacks jurisdiction. Sun, who invested $45 million in WLFI tokens, plans to refile his lawsuit in California state court once the motion is resolved. The Tron founder said Tuesday on X that his lawyers have asked a federal court in California to sanction the Trump family-backed crypto venture over how long it took to disclose that its ownership chain gives it citizenship in the United Arab Emirates.