Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»BLOCKCHAIN NEWS»Circle denies the allegations of illegal financial activity.
BLOCKCHAIN NEWS

Circle denies the allegations of illegal financial activity.

By Crypto FlexsNovember 30, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Circle denies the allegations of illegal financial activity.
Share
Facebook Twitter LinkedIn Pinterest Email

Circle publicly refuted claims of improper banking relationships and financing of illegal activities in a detailed response to concerns raised by Senators Elizabeth Warren and Sherrod Brown.

The Nov. 30 letter, written by Dante Disparte, Circle’s chief strategy officer, is in response to allegations from the Campaign for Accountability, which accused Circle of facilitating illicit financial activity, including Justin Sun’s banking operations and financing of Hamas.

The Campaign for Accountability, led by Michelle Kuppersmith, based its claims on studies and reports suggesting links between Circle and Sun. But Circle’s answer is clear. They have no current accounts for Sun or any of his entities, including TRON Foundation or Huobi Global.

They also noted that the U.S. government has not designated Sun or his companies as “specially designated nationals,” even though Circle terminated the account in February 2023.

The controversy comes amid widespread concerns about the role of cryptocurrencies in illicit finance. Senators Warren and Brown have been vocal in urging the Biden administration to address this issue, especially in the context of cryptocurrency-funded terrorism.

Their concerns were based in part on a Wall Street Journal report suggesting that Hamas had used cryptocurrencies to finance attacks against Israel. This claim was later disputed by Elliptic, the report’s data source.

Circle’s position is firm but open to dialogue and extends its offer to discuss these issues with both senators.

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

British trail EU, US encryption regulation, think tank warning

June 22, 2025
Add A Comment

Comments are closed.

Recent Posts

GrayScale XRP ETF GETS sec NOD: XRP price prediction and market impact

July 8, 2025

Distribute Crypto Media Release That Get Attention

July 8, 2025

GUNZ Announces $GUN Token Expansion To Solana

July 7, 2025

NEXST Launches Web3 VR Entertainment Platform With K-Pop Group UNIS As First Global Partner

July 7, 2025

Elon Musk announces that his “American Party” will accept Bitcoin and criticizes Trump’s financial bill.

July 7, 2025

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

What Every Investor Should Know

July 6, 2025

Protecting Your Portfolio In A Volatile Market

July 6, 2025

A Trader’s Guide To Smarter Moves

July 6, 2025

Crypto Price Prediction Strategies – How Traders Forecast The Market

July 6, 2025

Causes, History, And How To Survive

July 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

GrayScale XRP ETF GETS sec NOD: XRP price prediction and market impact

July 8, 2025

Distribute Crypto Media Release That Get Attention

July 8, 2025

GUNZ Announces $GUN Token Expansion To Solana

July 7, 2025
Most Popular

Is the hyper clicade a breakdown of $ 19.2 -$ 22?

May 1, 2025

Predicted to hit record high in the first half of 2024

December 28, 2023

Explore the universe in OOF The Goldmine Planet slot

May 8, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.