Circle Firmly Denies Allegations of Illicit Banking and Financing Activities

Circle Firmly Denies Allegations of Illicit Banking and Financing Activities



Circle has strongly denied claims of improper banking dealings and funding of illegal activities, responding comprehensively to concerns raised by Senators Elizabeth Warren and Sherrod Brown. In a letter dated November 30, authored by Circle’s Chief Strategy Officer Dante Disparte, the company addressed accusations from the Campaign for Accountability. This group, led by Michelle Kuppersmith, charged Circle with engaging in illicit financial activities, including doing business with Justin Sun and funding Hamas.



The Campaign for Accountability's accusations were based on various studies and reports, hinting at a connection between Circle and Sun. However, Circle clearly stated that they have no ongoing business with Sun or his related organizations, including the TRON Foundation or Huobi Global. They also highlighted that neither S


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#Blockchain, #Circle, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations

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