A Manhattan federal judge has lifted a freeze on $57.6 million worth of USD Coin held by Hayden Davis and Ben Chow, the entrepreneurs behind the Libra meme coin promoted earlier this year by Argentine President Javier Milei. U.S. District Judge Jennifer L. Rochon ruled on 20 August that the pair have cooperated with court proceedings and that the plaintiffs had not demonstrated irreparable harm, dissolving the temporary restraining order she issued in June. The unfreezing order grants Davis, chief executive of venture firm Kelsier Labs, and Chow, founder of decentralized exchange Meteora, immediate access to the funds, which sit in two digital wallets. Plaintiffs in the ongoing class action accuse the men of misleading investors during February’s launch of LIBRA, a Solana-based token that briefly reached a $1.17 billion market capitalization before collapsing 97 percent within a day. Judge Rochon said she is “skeptical” the lawsuit—seeking more than $100 million in damages—will ultimately succeed, noting that money damages could compensate any proven losses. The underlying fraud case continues, but the decision removes one of the key restraints on Davis and Chow, who maintain the project was legitimate and that investor losses were caused by market volatility rather than misconduct.