TechFlow News, April 13: According to The Block, Circle CEO Jeremy Allaire responded at a press conference in Seoul, South Korea, to criticism over Circle’s decision not to freeze the stolen USDC from Drift. He stated that Circle fulfills its legal obligations and freezes wallets only upon instruction from law enforcement agencies or courts; unilaterally freezing assets would pose a “significant ethical dilemma.” He also revealed that Circle is engaging with U.S. legislative bodies regarding the Clarity Act, seeking to establish a “safe harbor” mechanism for stablecoin issuers in extreme circumstances—but emphasized that any such authority must be explicitly granted through legislation, not exercised unilaterally by the company.
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