Biden

Foundation

USDC

TRON

Read

<div class="cryptonews">
 <p class="is-style-lead">Circle has publicly refuted <a rel="noopener noreferrer nofollow" title="allegations" href="https://thebittimes.com/tag/allegations.html">allegations</a> of improper banking relationships and financing of <a rel="noopener noreferrer nofollow" title="illicit" href="https://thebittimes.com/tag/illicit.html">illicit</a> <a rel="noopener noreferrer nofollow" title="activities" href="https://thebittimes.com/tag/activities.html">activities</a> in a detailed response to concerns raised by Senators Elizabeth Warren and Sherrod Brown.</p>
 <p>The Nov. 30 letter, crafted by Circle’s Chief Strategy Officer Dante Disparte, responds to claims from the Campaign for Accountability, which accused Circle of facilitating <a rel="noopener noreferrer nofollow" title="illicit" href="https://thebittimes.com/tag/illicit.html">illicit</a> <a rel="noopener noreferrer nofollow" title="financial" href="https://thebittimes.com/tag/financial.html">financial</a> <a rel="noopener noreferrer nofollow" title="activities" href="https://thebittimes.com/tag/activities.html">activities</a>, including banking Justin Sun and financing Hamas.</p>
 <p>The Campaign for Accountability, led by Michelle Kuppersmith, based its allegations on studies and reports, suggesting ties between Circle and Sun. However, Circle’s response is clear: they have no current accounts with Sun or his entities, including the TRON Foundation or Huobi Global.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Circle introduces bridged USDC standard to expand stablecoin utility
 </div>
 <p>They also noted that the U.S. government has not designated Sun or his companies as ‘specially designated nationals’, although Circle terminated their accounts in February 2023.</p>
 <p>This controversy emerges amidst broader concerns about the role of cryptocurrencies in illegal finance. Senators Warren and Brown have been vocal in urging the Biden Administration to address this issue, particularly in the context of crypto-financed terrorism.</p>
 <p>Their concerns were partly based on a Wall Street Journal report suggesting that Hamas used crypto to fund attacks on Israel, a claim later disputed by Elliptic, the data source for the report.</p>
 <p>Circle’s stance is firm yet open for dialogue, extending an offer to discuss these matters with the two Senators.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Circle to launch new smart contract platform
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/circle-denies-allegations-of-illicit-financial-activities-tbt72252.html">https://thebittimes.com/circle-denies-allegations-of-illicit-financial-activities-tbt72252.html</a></p>

Circle denies allegations of illicit financial activities

TheBitTimes

Các bài viết khác được xuất bản trên 30 thg 11, 2023

Exploring the Decline of Crypto-Based Games in the GameFi Ecosystem

FTX Debtors Granted Approval to Liquidate Assets, Including Grayscale Holdings, by Bankruptcy Court

Innovating for the Future: RARI Chain’s Promise of Guaranteed Creator Royalties

USTC Explodes 335% In Fresh Bullish Streak – What’s Pushing The Price Up?

Just In: SEC Opens Discussion on Fidelity’s Ethereum ETF Proposal

Dogecoin (DOGE) Surpasses 5 Million Addresses

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!