LIBRA token creator fights class suit, citing lack of jurisdiction

Lawsuit Dismissal Argument: Hayden Davis, co-founder of Kelsier Ventures and creator of the LIBRA token, is seeking to dismiss a New York class-action lawsuit against him, claiming the court lacks jurisdiction as the token was offered globally and he had no direct ties to New York.

LIBRA Token Controversy: The LIBRA token faced significant backlash after its value plummeted, leading to allegations of misleading investors regarding its purpose in boosting Argentina's economy, with a group of buyers suing Davis for over $100 million.