Foresight News reported that according to Argentine media Clar í n, advisor Hayden Davis of the LIBRA project submitted documents in a US court, acknowledging for the first time that LIBRA is a Meme token and denying that it is an investment project with a business plan. This contradicts President Javier Milei's claim that he is "helping the Argentine economy". The case involves approximately $280 million in frozen assets, and a New York court will hold a hearing on August 19th to examine whether Hayden Davis and his partners are suspected of manipulating LIBRA and profiting from it. Previously, on January 30th of this year, Hayden Davis transferred nearly 500000 USDC from his affiliated wallet to Kraken during a meeting with Javier Milei at the Presidential Palace, suspected to be related to the flow of project funds.
