Judge Clears $57.6 Million in USDC Tied to Libra Coin Dispute

A Manhattan federal judge has ordered the release of $57.6 million in USDC funds tied to the ongoing dispute over the Libra coin, sparking discussion about potential future use of these funds. This decision comes after months-long freezing of the funds due to allegations of fraud and market manipulation following claims of misconduct by defendants Hayden Davis and Ben Chow, former heads of Kelsier Labs and Meteora exchange respectively.