TechFlow news — Circle CEO Jeremy Allaire responded to various issues regarding USDC in a recent podcast. Jeremy pointed out that due to previous consecutive scams, crypto companies are actually facing stricter scrutiny over their reserves compared to traditional fintech firms—no one questions PayPal's reserve details.
Jeremy mentioned that under U.S. court orders, Circle is required to block specific addresses prohibited by OFAC, which has occurred 18 times so far. He emphasized that many unresolved issues remain at the intersection of law and financial freedom.
Earlier, on August 9, Circle blacklisted Ethereum addresses included in the U.S. Treasury's sanctions list. Following the U.S. Treasury's sanctioning of Tornado Cash, Circle called on regulators on August 12 to reform financial regulations to ensure protection of financial privacy for the public. Source link
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