Circle Faces Fresh Accusations By CFA, CCTP Used For Illicit Finance Through Tron

Non-profit ethics watchdog, The Campaign for Accountability (CFA), recently renewed accusations against USDC USD issuer, Circle. The agency maintains that the corporation does not have necessary approvals for Cross Chain Transfer Protocol (CCTP). It further claims that CCTP is being utilized for illegal financing via the Tron blockchain network. Moreover, CFA cites the letter by US Senate members Warren and Brown, alleging that Tron has been named in several cases related to billions of Dollars of transactions carried out by terror suspects and sanctioned entities. CFA has raised plethora of questions on the involvement of Justin Sun – TRON CEO -a claim which Circle Chief Strategy Officer and Head of Global Policy, Dante Disparte, denied citing unverified social media postings.

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