Watchdog group doubles down on Circle-Tron money laundering claims

Nonprofit ethics group Campaign for Accountability (CfA) has doubled down on its money laundering claims against Circle, publishing a new open letter on Dec. 14 claiming that the USDC issuer is facilitating the funding of terrorist organizations.

NEW: This morning, CfA sent a letter to @SenSherrodBrown and @SenWarren highlighting incomplete & misleading information shared by stablecoin-issuer Circle in response to previous concerns that CfA raised about its operations.

— Campaign for Accountability (@Accountable_Org) December 14, 2023

CfA originally made these claims on Nov. 9 in a letter to U.S. Senators Elizabeth Warren and Sherrod Brown. Circle responded to…

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