We Neither Bank Justin Sun nor Finance Hamas — Circle Chief Strategy Officer

USDC stablecoin issuer Circle neither “finances Hamas” nor does it slope Tron blockchain laminitis Justin Sun, the fintech firm’s main strategy serviceman has asserted. Although Circle had past concern dealings with Sun, this ended successful February 2023 erstwhile it terminated his accounts and those of affiliated companies.

Circle Subject to ‘Multiple Regulatory Regimes’

Circle, the issuer of the USDC stablecoin, has rejected allegations that it finances Hamas straight oregon indirectly, nor does it slope Tron blockchain laminitis Justin Sun. In a fiery unfastened letter, Circle’s Chief Strategy Officer (CSO) Dante Disparte said his enactment is “subject to aggregate regulatory regimes” and the applicable anti-money laundering and panic backing laws.

In his formal letter addressed to U.S Senators Sherrod Brown and Elizabeth Warren, Disparte suggested that Circle felt obligated to respond to a Nov. 9 missive sent to the 2 politicians by the Campaign for Accountability. The missive reportedly elaborate Circle’s adjacent ties with Sun and Tron’s alleged financing of Hamas, Hezbollah, and the Palestinian Islamic Jihad.

In his pushback against Campaign for Accountability’s “false claims,” the Circle CSO referenced his organization’s agelong past successful combating illicit concern activities arsenic good arsenic its concern with instrumentality enforcement agencies. Disparte besides addressed claims that the USDC stablecoin was among $93 cardinal successful integer currencies that had been marked for seizure by Israeli instrumentality enforcement.

“Most importantly, nationalist blockchain ledgers amusement that of the $93 cardinal successful integer assets wallets identified by the Israeli government, lone $160 was transferred successful USDC among those wallets, and nary of that was acquired from Circle,” Disparte said.

Regarding Circle’s narration with Justin Sun, the CSO acknowledged that Circle had past dealings but suggested that this was supra committee due to the fact that the U.S. authorities “has not specifically designated Sun oregon his entities arsenic Specially Designated Nationals.” However, Disparte said Circle stopped dealing with Sun sometime successful February 2023 erstwhile it terminated his accounts.

Disparte ends the missive by reiterating that his enactment is consenting to collaborate with the 2 Senators connected ways to fortify regularisation successful the integer assets space.

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