ZachXBT Questions Circle’s Statements on Regulatory Compliance

According to Jinse Finance, on-chain investigator ZachXBT has questioned recent remarks by Circle CEO Jeremy Allaire regarding the necessity of "cooperating with the government." He pointed out that Circle took as long as six months to freeze addresses linked to the Lazarus Group, whereas three other major stablecoin issuers immediately blacklisted those addresses. Additionally, when the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) requested action on sanctioned Garantex addresses, the Circle team also failed to respond in a timely manner.