Gate News message, on April 13, Circle CEO Jeremy Allaire recently responded to criticism from the outside world at a press conference in Seoul, South Korea, regarding its failure to freeze the Drift wallet that was stolen USDC. He said that Circle fulfills its obligations in accordance with the law—only freezing wallets upon instructions from law enforcement agencies or courts; unilaterally deciding to freeze would constitute a “major moral dilemma.” Jeremy Allaire also revealed that Circle is communicating with U.S. legislative bodies regarding the Clarity Act, seeking to establish a “safe harbor” mechanism for stablecoin issuers in extreme cases, but emphasized that any related authorization must be clarified through legislation, not something the company decides on its own.
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