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- Dante Disparte, Circle’s Chief Map Officer, has formally spoke back to Campaign for Accountability’s allegations of terrorism funding
- Disparte challenged accusations that Circle’s USDC stablecoin aids groups like Hamas
- The CSO defended Circle’s integrity and rejected assertions of supporting terrorist financing
Circle’s Chief Map Officer and Head of Global Policy, Dante Disparte, has issued a proper response to the Campaign for Accountability’s “flawed claims” relating to Circle’s alleged involvement in the funding of terrorism. The letter, addressed to Senators Sherrod Brown and Elizabeth Warren, comes after the Campaign for Accountability urged US lawmakers that Circle’s USDC stablecoin is a come wherein the likes of Hamas lift funds and argues that it is “replete with errors, omissions, and misleading data.”
Disparate Substances to Regulatory Compliance
Disparte refuted allegations made by the Campaign for Accountability, hanging forward that Circle would not engage in, straight away or no longer straight away, or finance illicit actors like Hamas, adding that Circle would not beget any banking ties with Justin Sun, and all accounts held by him and his affiliated entities were terminated in February 2023. The hyperlink to Sun comes after the Campaign for Accountability claimed that the Tron community is now the favored blockchain for terrorist groups, which Sun heads.
Within the letter, Disparte highlighted Circle’s dedication to combating illicit monetary activities, emphasizing that Circle “has constantly been an active partner of regulators and law enforcement” in america, Israel, and other jurisdictions to safe clear that that USDC stays untainted by any illicit activities.
Disparte underscored the corporate’s history of cooperation with law enforcement, citing recent recognition by the US Secret Provider for its enhance in figuring out cases of fraud and “pig-butchering” scams, main to fund recoveries.
“Mistaken and Deceptive” Posts Criticized
Addressing recount incidents, Disparte refuted the Campaign for Accountability’s reliance on a narrative from blockchain agency Elliptic relating to a $93 million digital asset seizure repeat focusing on the horror crew Palestinian Islamic Jihad. He also pointed out inaccuracies in claims that Circle financed predominant flows of funds to Hamas or Hezbollah:
Most importantly, public blockchain ledgers show that of the $93 million in digital property wallets recognized by the Israeli authorities, fully $160 become once transferred in USDC among those wallets, and none of that become once received from Circle. It is far each and every inaccurate and misleading for CfA to straight away cite – without any corroboration or verification – posts on the social media position X hanging forward that Circle had financed predominant flows of funds to Hamas or Hezbollah.
Disparte ended his rebuttal by animated Senators Brown and Warren to extra focus on the issues raised in the letter, reaffirming Circle’s dedication to participating with regulators and lawmakers to enhance rules in the digital property design and fight money laundering and terrorism financing.
Terrorism funding has was the most up-to-date stick with which anti-crypto politicians beget sought to beat the industry with, but their efforts to utilize statistics to undergo out their claims beget rarely ever stood up to scrutiny.
