Hayden Davis, the creator of the LIBRA token, is contesting a class-action lawsuit filed in New York, asserting that the court lacks jurisdiction since the token was marketed globally rather than targeting New York specifically. Davis's motion argues that he does not reside or conduct business in New York, nor was he physically present in the state during the alleged misconduct. The lawsuit purports that Davis and his co-founders misled investors about the LIBRA token's purpose in aiding Argentina's economy. Davis contends that the promotion of LIBRA did not focus on New York residents, claiming any communications or promotions were directed broadly and did not target specific individuals in the state. He emphasizes that the project originated in Argentina and that a related website merely collects applications from local businesses, lacking an intention to market to New York. While a judge froze $57.65 million in USDC related to the LIBRA project earlier this year, Davis argues for the dismissal of the lawsuit, citing due process concerns regarding the court's jurisdiction.

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