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USDC

Court freezes $57.65M USDC over LIBRA scandal

A federal court in New York has ordered a temporary hold on roughly $57.65 million in USDC, connected to the LIBRA controversy. This action stems from a class-action suit alleging that Kelsier Ventures misled investors concerning the LIBRA digital currency. A court hearing is planned for June 9.
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AI Analysis

The legal action involving the freezing of a significant amount of USDC highlights ongoing regulatory and legal scrutiny in the cryptocurrency space. The lawsuit against Kelsier Ventures for alleged i...

AI Recommendation

Investors should remain cautious and monitor the developments of this legal case, as it may impact USDC's stability and broader market sentiment. It would be prudent to avoid making large or new inves...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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