Company
Date Published
Author
Team Circle
Word count
1269
Language
English
Hacker News points
None

Summary

Circle Internet Financial's Chief Strategy Officer, Dante Disparte, addressed a formal letter to U.S. Senators Sherrod Brown and Elizabeth Warren to counter claims made by the Campaign for Accountability, which accused the firm of facilitating illicit financial activities. Disparte emphasized that Circle does not finance Hamas or Hezbollah and does not bank Justin Sun, detailing that any allegations suggesting otherwise are misleading. Circle is a highly regulated firm under multiple U.S. regulatory bodies and actively collaborates with international law enforcement to prevent illicit finance, as demonstrated by their recognition from the U.S. Secret Service for aiding in fraud prevention. The letter also highlighted Circle's advocacy for a comprehensive federal regulatory framework for stablecoins, aiming to enhance consumer protection and regulatory compliance in the digital assets industry. Circle reiterated its commitment to transparency and willingness to work alongside regulators to strengthen anti-money laundering measures and the overall regulatory environment for digital assets.