US Judge Clears $500M in LIBRA Tokens, Impacting Market Liquidity

A US federal court has lifted the asset freeze imposed on 500 million LIBRA tokens, a decision that could significantly impact the cryptocurrency’s market dynamics. Judge Jennifer Rochon cited skepticism regarding investor claims and ruled against Omar Hurlock’s class action lawsuit alleging investment losses. This ruling frees up these tokens for Hayden Davis, creator of the popular Libra meme coin. The decision may also set a precedent in handling crypto assets in future legal battles. While the court lifted the freeze on the tokens, a portion of Hayden Davis’s USDC assets remain under technical restrictions by Circle, impacting immediate liquidity.