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

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

ZKJ Crypto Price Pumps 20%: Dead Cat Bounces?

June 17, 2025
Add A Comment

Comments are closed.

Recent Posts

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

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

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 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

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025
Most Popular

Newly OKX-enabled Layer 2 Bridge Orbiter Finance Announces Its Own L2 Network

January 28, 2024

ChildCoin Definitive Guide: Why Every Parent Should Know About This Revolutionary Digital Token – The Defi Info

February 15, 2024

Could this DeFi gem be the next big pick? – Blockchain news, opinion, TV and job information

May 14, 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.