Facing allegations and scrutiny from regulators and government officials in the U.S., Circle, the stablecoin issuer behind USDC, has issued a statement addressing its purported ties with Hamas and Justin Sun. Circle emphasizes its commitment to stringent compliance standards and its cooperation with law enforcement. The company asserts that it abides by legal measures and frameworks for its business practices, including the Bank Secrecy Act and laws focused on anti-money laundering and countering the financing of terrorism. Circle also advocates for comprehensive federal prudential regulation in the U.S. This statement comes in the wake of Binance’s announcement that it will be winding down its stablecoin offerings due to legal issues with the U.S. Department of Justice.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Senator Warren, Chairman Brown
Companies	U.S. Department of Justice, Binance, Huobi (HTX), Circle, Justin Sun, Chairman Brown, Senator Warren, U.S. Secret Service, TRON, Hamas, Bank Secrecy Act, USDC
Currencies	USDC, Huobi
Securities	None