Overview

• Davis’s lawyers filed a 30-page brief in the U.S. Southern District of New York court reframing $LIBRA as a speculative memecoin without intrinsic value or formal business plan.
• The filing challenged investor Omar Hurlock’s standing by arguing he has not shown direct harm from the token’s collapse.
• Judge Jennifer Rochon denied a request for early depositions of Hayden Davis and co-defendant Benjamin Chow.
• An August 19 hearing has been set to determine the outcome of roughly $280 million frozen in connection with the $LIBRA project.
• Argentine prosecutors continue to collect cross-border exchange and telecom records for the Comodoro Py fraud investigation.