🚀 LIBRA Meme Coin Skyrockets Following US Federal Judge’s Game-Changing Ruling

Judge's decision sends shockwaves through crypto markets—LIBRA pumps 300% in 24 hours.

Speculators pile in as 'meme coin season' gets a judicial endorsement. Meanwhile, Wall Street still can't decide if crypto is an asset class or a meme.

When the gavel drops, degenerates win. For now.

Huge Upset in LIBRA Lawsuit

A few months ago, the LIBRA meme coin turned into a tremendous scandal in Argentina, as rug pull accusations implicated President Milei and several cabinet members.

Compared to this, Burwick Law’s suit against two promoters, Hayden Davis and Ben Chow, was a sideshow, but there’s been an unexpected twist.

According to court reporting, a US federal judge lifted an asset freeze on the meme coin promoters’ assets, throwing the LIBRA case into disarray.

In May, Burwick Law’s class-action suit became a federal case, and the courts froze $57.5 million in USDC. Davis and Chow will now regain access to these funds.

To say this is unexpected is an understatement. Ben Chow had to resign from Meteora over the scandal, and global arrest warrants targeted Hayden Davis. However, presiding Judge Jennifer L. Rochon warned that Burwick’s lawsuit may fail altogether.

This caused LIBRA to briefly spike, but it soon crashed again:

“Crime is Legal Now” and Crypto Cynicism

This case is still ongoing, but a few things might explain this setback. The LIBRA scandal sent shockwaves through Argentina’s crypto community, creating huge institutional pressure, but President Milei apparently evaded consequences.

Compared to this effort, Burwick’s class-action civil suit was comparably tiny. Why should it succeed when the Argentinian judicial system seemingly failed?

Still, the crypto community has been displeased, especially in light of a guilty verdict for Roman Storm. The phrase “crime is legal now” has been reiterated as observers watched in disbelief:

Two weeks after Roman Storm was found guilty for simply building Tornado Cash, Hayden Davis and Ben Chow are one step closer to walking away as free men

Absolutely disgusting behavior from the judicial system https://t.co/0cDvwbBRH8

In other words, the LIBRA scandal could end with no real consequences for any of the perpetrators. The battle hasn’t been resolved, and more relevant details may come to light.

Still, incidents like this can contribute to a culture of cynicism in the crypto community. Such a pessimistic attitude could negatively impact future investments, especially regarding meme coins.