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    <p>Circle chief strategy officer (CSO) Dante Disparte wrote a letter to Senators Sherrod Brown and Elizabeth Warren in response to claims surrounding the role of Circle in facilitating Hamas and other actors. In the letter, Circle makes sure to highlight two things: “Circle does not facilitate, directly or indirectly, or finance Hamas… Nor does Circle bank Justin Sun.”&nbsp;</p>
    <p>On Justin Sun, Circle said that “Neither Mr. Sun nor any entity owned or controlled by Mr. Sun, including the TRON Foundation or Huobi Global, currently have accounts with Circle. To date, the U.S. government has not specifically designated Mr. Sun or his entities as Specially Designated Nationals. Nonetheless, Circle terminated all accounts held by Mr. Sun and his affiliated companies in February 2023.”</p>
    <p>This seems to imply that <strong>Circle did serve Justin Sun or his companies up until February 2023</strong>.</p>
    <p>Sun is a very important figure in the stablecoin ecosystem, receiving more <a rel="noopener noreferrer nofollow" title="Tether" href="https://thebittimes.com/tag/tether.html">Tether</a> than any other individual. He’s had some struggles in his broader holdings, with Poloniex and HTX both needing to close withdrawals recently. HTX has decided to offer an “extraordinary token airdrop event to reward all our users” for bearing with the firm through this problem.</p>
    <figure class="wp-block-embed is-type-wp-embed is-provider-protos wp-block-embed-protos">
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      <blockquote class="wp-embedded-content" data-secret="OVpsQCAUTu">
       The beef between Circle and Tether
      </blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“The beef between Circle and Tether” — Protos" src="https://protos.com/the-beef-between-circle-and-tether/embed/#?secret=LCewRmWgWi#?secret=OVpsQCAUTu" data-secret="OVpsQCAUTu" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
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    </figure>
    <p><em>Read more: HTX hacked week after Poloniex — now Justin Sun only posts as AI</em></p>
    <p>Furthermore, Circle decided to contrast itself with its largest competitor, <a rel="noopener noreferrer nofollow" title="Tether" href="https://thebittimes.com/tag/tether.html">Tether</a>, stating, “CfA chose to ignore those facts and instead referenced Circle in the same sentence as <a rel="noopener noreferrer nofollow" title="Tether" href="https://thebittimes.com/tag/tether.html">Tether</a>, whose eponymous stablecoin, USDT, has been documented on public blockchain ledgers as being used for large quantities in illicit finance…This attempt to muddy the waters between Circle and <a rel="noopener noreferrer nofollow" title="Tether" href="https://thebittimes.com/tag/tether.html">Tether</a> is misleading and wrong.”</p>
    <p>The CfA refers to the ‘Campaign for Accountability’ that made the claims about Circle facilitating Hamas and other actors.</p>
    <p>Disparte has previously accused <a rel="noopener noreferrer nofollow" title="Tether" href="https://thebittimes.com/tag/tether.html">Tether</a> of “counterfeiting the US dollar” and directed the blame back on lawmakers, pointing the finger at “US inaction on policy and regulation.” This was echoed again in the letter, where he claims “no other digital asset company has advocated more than Circle for a comprehensive federal framework to govern stablecoins.”</p>
    <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/sBrxkYOhKoEgllbrVNm0Q_GGF5eaUthbUo4hdhFjpm7xCjhPnBlRfih7l_rJSPnqVT2Z1THvn5CGh4VUEXKR70xtMcY7WJx32ALcLTfocuNBNoQPlJ0q5IOmg_FyeGiChQtJzbWuh2BHe506CSaY9ZU" alt>
     <figcaption class="wp-element-caption">
      The total stablecoin supply, via The Block.
     </figcaption>
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    <p>Despite these contrasts between Circle and <a rel="noopener noreferrer nofollow" title="Tether" href="https://thebittimes.com/tag/tether.html">Tether</a>, <a rel="noopener noreferrer nofollow" title="Tether" href="https://thebittimes.com/tag/tether.html">Tether</a>’s market-cap has continued to grow while Circle’s has shrank over the last year.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/circle-emphasizes-that-justin-sun-is-not-sanctioned-yet-protos-tbt72334.html">https://thebittimes.com/circle-emphasizes-that-justin-sun-is-not-sanctioned-yet-protos-tbt72334.html</a></p>

Circle emphasizes that Justin Sun is not sanctioned... yet | Protos

TheBitTimes

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