A Manhattan federal judge has unblocked 57.6 million USD in USDC linked to the Libra meme coin, indicating skepticism about the plaintiffs’ chance of success. The ruling comes amidst ongoing legal battles surrounding the controversial token launched in February.
The Libra token, heavily promoted by Argentine President Javier Milei, faced critical scrutiny after its rapid decline. The judge noted that they believe monetary damages are adequate for any perceived damages, casting doubt on claims of irreparable harm.
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