Circle Denies Ties with Justin Sun

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Circle, issuer of the USDC stablecoin, has rejected allegations that it engaged in illegal activities and had ties to Tron founder Justin Sun, the TRON Foundation, and HTX.

This denial was stated in an open letter to US senators, signed by Dante Disparte, the company’s Director of Strategy and Head of Public Relations.

The letter was addressed to Chairman of the Banking Council, Sherrod Brown, and member Elizabeth Warren.

The senators had previously received a letter from the Campaign for Accountability group accusing Circle of breaking the law.

Disparte clarified that Circle does not finance and is not associated with Hamas (or any other illegal organizations) or Justin Sun and related entities.

The company is bound by numerous regulatory regimes, including the Bank Secrecy Act and laws against money laundering and terrorist financing.