Stablecoin issuer Circle hit abet against claims made by non-earnings watchdog team Campaign for Accountability (CfA) accusing the firm of facilitating money laundering by fright financing.

The CfA despatched a 13-net page letter to U.S. Senators Sherrod Brown and Elizabeth Warren, alleging that Circle had a feature in funding terrorist organizations Hamas and Hezbollah, in accordance to data from a July crypto seizure utilized by the Israeli authorities.

The team also claimed that Circle had a “historic and ongoing relationship” with TRON founder Justin Sun, with the community supposedly connected with nearly all of illicit exercise funding. Earlier this week, Unchained reported that the TUSD stablecoin had dipped below its peg after experiences that TRON became as soon as the blockchain of preference for terrorists.

In a Thursday letter to Warren and Brown, Circle’s head of world policy Dante Disparte refuted the CfA’s claims, saying their statements absorb been replete with errors, omissions and deceptive data.

“Let us be completely definite:  Circle doesn’t facilitate, straight or circuitously, or finance Hamas (or any various illicit actors).  Nor does Circle bank Justin Sun,” said Disparte.

He added that Circle became as soon as a compliant group, subject to a pair of regulatory regimes including the Financial institution Secrecy Act (BSA) and various anti-money laundering rules, with a deep history of cooperating with law enforcement, even being identified by the U.S. Secret Carrier for its enhance in identifying fraud.

Almost about the claims about Circle and Sun’s relationship, Disparate emphasized that neither the TRON founder nor any entity below his support an eye fixed on had accounts with Circle, having terminated all accounts held by him in February.

“Moreover, Circle supports Senator Warren’s and Senator Marshall’s latest amendment to the Nationwide Defense Authorization Act to boost AML provisions in the digital sources industry,” said Disparte in a closing assertion.

“We also piece sizable agreement with Chairman Brown’s latest letter to U.S. regulators calling for a stronger disclosure regime in digital asset markets.”