Hayden Davis, the creator of Libra tokens, has now described the crypto project as a mumkoin in a comment as part of a legal strategy to prosecute a class-action. The American Crypto entrepreneur and Bazaar have continued to attract negative attention after excessive discovery and accident in February 2025 and are subject to investigation.
Davis clash with American private investor Libra Memcoin Admission – Report
On February 14, 2025, the Libra project gained a lot of popularity after public promotion by Argentine President Xavier Miri on X.
An American private investor through American Law firm Bervic Law, local Argentine Media Clin, for Omar Herlock, a class-process case against other persons behind Hayden Davis and Libra, who heads Benjamin Chow, co-founder of Metora platforms, and Julian Peh, Kip Protocols.
In protecting the 30-pest against the claims of a scam in the Hurlock, Hayden Davis Stats US Investor has no evidence to return every objective complaints of every objective complaints to him or other developers of the Crypto Project. In particular, Davis attacks the credibility of the Herlock, in a case he is not a director video to lead a class action.
In addition, the Crypto entrepreneur also publicly refers to Libra as a memecoin for the first time in February. Prior to this statement, Cryptocurrency was previously described by all parties, which was involved as an investment fund targeted in the funding of Argentina companies.
Describing the position of Memcoin for Libra, the defendant emphasizes the speculative nature of this toke, while no claims were made. A statement of brief reading:
Defndants did not provide any plan, details, or infrastructure to the potential buyers of Memcoin, nor were detailed detailed disclosure or tokenomic distillation.
The case is currently Judge Jennifer L. Under Rochon, it has been filed in the District Court for the southern district of New York and has been scheduled for hearing on August 19.
Price
At the time time, Libra trades $ 0.01690, with its total market cap of $ 4.61 million.
Featured image from The Economist, chart from tradingview
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