US Judge drops Hayden Davis freezing order, frees up 500M LIBRA tokens
The post US Judge drops Hayden Davis freezing order, frees up 500M LIBRA tokens appeared on BitcoinEthereumNews.com. A US court order freezing LIBRA creator Hayden Davis’s crypto assets was dissolved yesterday, allowing Davis to move $58 million worth of USDC and another 500 million LIBRA tokens in monthly increments. Judge Jennifer Rochon dissolved the temporary restraining order (TRO), rejecting an extension request from plaintiffs Omar Hurlock and Anuj Mehta. According to Blockworks’ Senior Data Engineer, Fernando Molina, Davis will now have access to 20.8 million LIBRA tokens per month, plus a sum of LIBRA tokens already in his possession. He notes that the USDC is still “technically frozen” despite the removal of the TRO. One LIBRA token is worth $0.0094, meaning the 500 million tokens are now valued at $4.7 million. Como adelantó @halconada, la Jueza Rochon levantó el bloque a Hayden Davis relacionado a la causa $LIBRA . Ya desde fines de Julio se veía muy difícil que se pudiera mantener el bloqueo (ver tweet abajo) – Le permite mover los USDC (~58 M) que aún siguen freezados técnicamente-… https://t.co/o51iFAGd1i — Fernando Molina (@fergmolina) August 19, 2025 Read more: Hayden Davis sent millions in crypto weeks before LIBRA promo Davis is also trying to prove good faith in Argentina case Argentinian developer Maximiliano Firtman theorizes that Davis could move the tokens and prove that the LIBRA token launch was never a scam. This would also legitimize Argentinian President Javier Milei’s promotional tweet that claimed LIBRA would be used to fund small businesses via the “Viva La Libertad” project. Indeed, the crypto law firm leading the lawsuit against Davis in the US, Burwick Law, reportedly suggested that a possible agreement could be made for Davis to send the tokens to a Viva La Libertad account. Davis has also reportedly offered Argentinian judge María Servini a wire transfer of $100 million from the profits of the token launch…
The post US Judge drops Hayden Davis freezing order, frees up 500M LIBRA tokens appeared on BitcoinEthereumNews.com.
A US court order freezing LIBRA creator Hayden Davis’s crypto assets was dissolved yesterday, allowing Davis to move $58 million worth of USDC and another 500 million LIBRA tokens in monthly increments. Judge Jennifer Rochon dissolved the temporary restraining order (TRO), rejecting an extension request from plaintiffs Omar Hurlock and Anuj Mehta. According to Blockworks’ Senior Data Engineer, Fernando Molina, Davis will now have access to 20.8 million LIBRA tokens per month, plus a sum of LIBRA tokens already in his possession. He notes that the USDC is still “technically frozen” despite the removal of the TRO. One LIBRA token is worth $0.0094, meaning the 500 million tokens are now valued at $4.7 million. Como adelantó @halconada, la Jueza Rochon levantó el bloque a Hayden Davis relacionado a la causa $LIBRA . Ya desde fines de Julio se veía muy difícil que se pudiera mantener el bloqueo (ver tweet abajo) – Le permite mover los USDC (~58 M) que aún siguen freezados técnicamente-… https://t.co/o51iFAGd1i — Fernando Molina (@fergmolina) August 19, 2025 Read more: Hayden Davis sent millions in crypto weeks before LIBRA promo Davis is also trying to prove good faith in Argentina case Argentinian developer Maximiliano Firtman theorizes that Davis could move the tokens and prove that the LIBRA token launch was never a scam. This would also legitimize Argentinian President Javier Milei’s promotional tweet that claimed LIBRA would be used to fund small businesses via the “Viva La Libertad” project. Indeed, the crypto law firm leading the lawsuit against Davis in the US, Burwick Law, reportedly suggested that a possible agreement could be made for Davis to send the tokens to a Viva La Libertad account. Davis has also reportedly offered Argentinian judge María Servini a wire transfer of $100 million from the profits of the token launch…
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