Odaily Planet Daily News According to Argentine media Clarín, LIBRA project consultant Hayden Davis recently filed documents in a US court, admitting 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 it "helps the Argentine economy." Davis' defense attorney admitted that Meme tokens "are not investments, have no intrinsic value, but unsecured, uncollateralized affinity and collectibles, and their market volatility is extremely high." At the same time, another fund transaction was exposed. During Davis' meeting with Milei at the Presidential Palace on January 30 this year, his associated wallet transferred nearly $500,000 USDC to the centralized exchange Kraken, which is suspected to be related to the flow of project funds. Records also show that the purpose of the meeting held at the Presidential Palace on January 30 was to "analyze blockchain and decentralized technology." The case involves approximately $280 million in frozen assets, and the New York court will hold a hearing on August 19 to hear whether Hayden Davis and his partners are suspected of manipulating LIBRA and profiting from it.

Previously, during Hayden Davis’ meeting with Javier Milei at the Presidential Palace on January 30 this year, his associated wallet transferred nearly 500,000 USDC to Kraken, which was suspected to be related to the project’s capital flow.