Odaily Planet Daily reports that Dante Disparte, Chief Strategy Officer of Circle, responded to the April 1 incident in which Drift Protocol lost over $270 million. He stated that Circle freezes USDC only when legally compelled to do so, not unilaterally; this action is neither a backdoor nor algorithmic surveillance, but rather a demonstration of the rule of law in internet-native finance.
He noted that the core challenge of open systems is that legal frameworks lag behind technological advancement, and that protocols, wallets, exchanges, and stablecoin issuers must treat security and accountability as shared responsibilities. DeFi protocols can adopt circuit breaker mechanisms from traditional finance to build on-chain safeguards. He also called for the U.S. GENIUS Act and CLARITY Act to be enacted before the next major security incident, incorporating standards for due process, property rights, and financial privacy into law.