Accéder au contenu principal

Strongly Denies Illicit Financing Links And Justin Sun Ties

Circle has denied the claims made by the Campaign for Accountability about its business practices. Circle is a global financial technology company that facilitates online payments and the digital money USDC.

Defending itself against allegations that it banked Justin Sun and, separately, had funded Hamas, Circle sent a public letter to Senator Elizabeth Warren and Chairman Sherrod Brown on Thursday.

Claiming connections between Circle and Sun, the CFA, headed by Michelle Kuppersmith, relied on research and studies to back up its accusations. But Circle clarified that they are not doing business with Sun or any of his organizations, including Huobi Global or the TRON Foundation.

Circle: Legal Commitment And Disassociation From Justin Sun

The company made clear that it was not affiliated with any terrorist organizations or illegal actors, underscoring its dedication to legal operations. Regarding Sun and his related organizations, the corporation provided further clarification.

Circle promptly deleted all accounts linked to Sun and his enterprises in February 2023, even though the US government had not yet designated Sun or his entities as Specially Designated Nationals.

According to Dante Disparte, chief strategy officer and head of public policy of Circle, the suggestion that the stablecoin issuer enabled “large flows of monies to Hamas or Hezbollah” is baseless and unsubstantiated, and he has rejected the allegations.

In his writing, Disparte detailed:

“Let us be perfectly clear: Circle does not facilitate, directly or indirectly, or finance Hamas (or any other illicit actors) […] nor does Circle bank Justin Sun.”

USDC market cap currently at $24.487 billion on the daily chart: TradingView.com

Additionally, Disparte said that the public blockchain records reveal that a total of 26 wallets only received USDC, the stablecoin from Circle, with a value of $160. Also, he clarified that it had nothing to do with the acquisition of those money.

Sun’s Legal Woes: SEC Complaint And Crypto Regulatory Challenges

Sun is facing legal action in relation to these occurrences. The US Securities and Exchange Commission filed a complaint against him in March for selling two crypto asset securities without first registering them. In the ever-changing cryptocurrency sector, people and businesses continue to encounter regulatory hurdles, as this lawsuit highlights.

Concerns regarding the potential use of cryptocurrencies for illicit funding have given rise to the current discussion. In the context of crypto-financed terrorism, senators Warren and Brown have strongly urged the Biden administration to address this issue.

Their worries stemmed in part from an article in the Wall Street Journal that claimed, without providing evidence, that Elliptic, the report’s data source, had denied that Hamas had utilized cryptocurrency to finance attacks on Israel.

Featured image from Freepik


Source link

The post Strongly Denies Illicit Financing Links And Justin Sun Ties appeared first on Job From Home Blog.

Libellés :

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

Jojobet (464)

Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Geri dönüşü yüksek bir heyecana hazır olun! Heybetli rekabet atmosferinde keyifli bir oyun deneyimi sunan öncü bir bahis platformuna hoş geldiniz. İnternetin en güvenilir ve güçlü adreslerinden biri olarak, size en üst düzey kalite standartlarına sahip online bahis fırsatlarını sunmaktan gurur duyuyoruz. Bahis ve şans oyunları tutkunlarının beklentilerini aşan kapsamlı hizmetlerimizle sizi unutulmaz bir yolculuğa çıkarmak için buradayız. Profesyonel ekibimiz, Türkiye’nin en donanımlı ihtiyaçlarına uygun olarak sürekli yenilenen bahis seçenekleriyle geniş bir kumarhane atmosferi ile etkileyici deneyimler sunar. Farklı spor dallarında eşsiz tahmin ve analiz araçlarıyla dolu olan platformumuz, kazandıran oranlarla sizden tam not alacaktır. En yeni teknolojik yazılım alt yapımız sayesinde, kesintisiz ve sorunsuz oyunculuk deneyiminin tadını çıkarabilirsiniz. Şansın, yetene...
Enregistrer un commentaire
Lire la suite

Space loves AI, AI doesn’t love Space

Space-related applications of artificial intelligence and machine learning are often confined to the ground because moving AI onboard satellites, while promising, is significantly more difficult. “Running AI in space is like running a marathon on the moon — impressive if achieved, but limited by the environment,” said Sylvester Kaczmarek, chief technology officer at OrbiSky Systems, a London startup focused on AI edge operations. Advanced processors are power hungry, meaning satellites with onboard AI require large solar panels and extra batteries. Plus, “radiation in space can fry electronics,” Kaczmarek said. Power management is another problem. Many AI devices require very high currents at low voltages. “The demands that AI devices place on power management are new to the space industry,” said Bert Vermeire, Voyager Space chief technology officer. “There are no good solutions with space heritage and it is difficult to identify efficient and small form factor power and manageme...
Enregistrer un commentaire
Lire la suite

Earn BIG Commissions in 2023

In this post, we’re looking at the best niches for affiliate marketing . So, if you’re struggling to choose a niche for your blog or YouTube channel, this list will help. In this list, you’ll learn some key information to help you determine which is the right niche to choose for you. Information like: How big the niche is and its market share The products you can promote Sub niche ideas And some commission rates you can expect Keep reading. Best Niches for Affiliate Marketing We’ve researched and broken down 21 of the best niches for affiliate marketing, so you don’t have to. Let’s dive in. 1. Artificial Intelligence The Artificial Intelligence industry has exploded in recent years and is projected to be valued at close to US$2 trillion by 2030. That’s what makes this one of the best niches for affiliate marketing today. There is also a wide range of AI tools to promote with generous commissions. For example, LinkWhisper is an AI content optimization tool for SEO of...
Enregistrer un commentaire
Lire la suite