Key Notes

Court ruling enables Davis to withdraw 20.8 million LIBRA tokens monthly plus previously accessible holdings.

Argentina case continues as Davis offers $100 million transfer to prove legitimacy of President Milei endorsement.

Legal scrutiny remains intense with $58 million USDC technically frozen despite restraining order removal.

Jennifer Rochon, a US District Judge in New York, has dissolved the temporary restraining order that had blocked Hayden Davis, creator of the LIBRA memecoin, from moving significant amounts of cryptocurrency. The decision permits Davis to access $58 million worth of USDC alongside 500 million LIBRA tokens in structured monthly increments.

Under the ruling, Davis may transfer 20.8 million LIBRA tokens per month in addition to holdings already under h

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