Stablecoin agency Circle has unfrozen $58 million price of USDC belonging to Hayden Davis two weeks after a short lived restraining order (TRO), issued as a part of his LIBRA court docket case, was lifted.
Which means Davis, who labored with Argentinian President, Javier Milei, to launch the scandalous LIBRA token, can have full entry to do no matter he desires with these funds.
Blockworks’ Senior Information Engineer, Fernando Molina, noticed Circle’s unfreezing as we speak, and famous, “It is clear that Circle did not comply with the request from the Argentine justice system.”
He added, “Despite the fact that the judge had authorized it more than two weeks ago, the change on Solana was only made now.”
Se liberan finalmente los 58 M de USDC de Hayden Davis obtenidos por $LIBRA
A pesar de que la jueza lo había autorizado hace más de dos semanas, recién ahora se hizo el cambio en Solana
Queda claro que Circle no hizo lugar al pedido de la justicia Argentina pic.twitter.com/fm7PtZTN75
— Fernando Molina (@fergmolina) September 4, 2025
Molina famous that Davis can now do no matter he desires with the funds.
Argentinian developer Maximiliano Firtman mentioned that within the technique of the unfreezing, Circle has ignored a request from Argentina’s justice system to dam the funds “for reasons we do not know.”
Firtman additionally steered that Davis may not do something hasty with the newly unlocked funds in case it impacts his authorized protection in each the US and Argentina.
Milei distanced himself from Hayden Davis’ LIBRA
The launch, which misplaced thousands and thousands in investor funds, was dubbed the “Viva La Libertad” undertaking and was publicly launched by Milei as a method to fund small companies startups.
Milei has since distanced himself from the undertaking whereas Argentina’s anti-corruption workplace argued that he wasn’t performing as a authorities official when selling the undertaking.
Choose Jennifer Rochon eliminated the TRO on August 19. On the time, Firtman mentioned that Davis may transfer the tokens and show that the LIBRA token launch was by no means a rip-off.
The regulation agency main the lawsuit in opposition to Davis within the US, Burwick Regulation, reportedly steered {that a} potential settlement might be made for Davis to ship the tokens to a Viva La Libertad account.
