{"id":72998,"date":"2026-05-24T09:40:52","date_gmt":"2026-05-24T09:40:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/libra-trust-prepares-to-distribute-controversial-crypto-millions-to-argentine-companies\/"},"modified":"2026-05-24T09:40:52","modified_gmt":"2026-05-24T09:40:52","slug":"libra-trust-prepares-to-distribute-controversial-crypto-millions-to-argentine-companies","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/libra-trust-prepares-to-distribute-controversial-crypto-millions-to-argentine-companies\/","title":{"rendered":"Libra Trust Prepares to Distribute Controversial Crypto Millions to Argentine Companies"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The Libra Trust got 71 apps and will next fund Argentine firms seeking to grow.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">To fight scam claims, Hayden Davis sent funds on Nov 22 to the trust, which will distribute grants by November.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">To restore market trust, the fund could next pay Viva La Libertad victims filing claims before Nov 22, 2025.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Libra Trust Set up to Empower Argentine Companies After the Token\u2019s Demise<\/h2>\n<p>Over a year after the Viva La Libertad project, also known as the Libra token, faced its demise, leaving thousands of investors affected, the funds kept from token purchases seem to be, at last, fulfilling its original purpose.<\/p>\n<p>Proceeds from Libra\u2019s <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-token-sale\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">token sale<\/a>, infamously promoted by Argentine President Javier Milei on social media, are now in the hands of the Libra Trust, which <a href=\"https:\/\/news.bitcoin.com\/libra-trust-launches-out-of-the-blue-to-empower-argentine-companies\/\">received the funds<\/a> from alleged Libra creator Hayden Davis on November 22 as a defense strategy to disprove the scam allegations made against Davis in a lawsuit.<\/p>\n<p><\/p>\n<p>According to Argentine media, the trust, whose purpose is to bring these funds to Argentine companies seeking grants to support their growth, has already <a href=\"https:\/\/www.clarin.com\/politica\/paso-110-millones-dolares-libra-guardo-hayden-davis-primera-vez-habla-custodio-dinero-escandalo-cripto_0_WGHiAoYiD1.html\" target=\"_blank\" rel=\"noopener noreferrer\">received<\/a> 71 applications to access part of these funds.<\/p>\n<p>In the next few days, the Trust will begin organizing these applications and running checks on their feasibility and origin before delivering any funds. While there are no set dates for this, the Trust indicated that the grants will start being delivered before November.<\/p>\n<p><strong>\u201cThe timing of the distributions will depend on the promptness with which funding applicants respond to the questions that will be sent in the coming days,\u201d<\/strong> the Trust stated.<\/p>\n<p><strong>\u201cFinancing decisions will be made based on the needs of the selected applicants. The trust funds will be managed prudently to enable the financing of strong applications that merit support,\u201d<\/strong> it revealed, without giving further details on how this support would be distributed.<\/p>\n<p>Nonetheless, the trust also opened a path for Libra\u2019s victims to apply for compensation, for Argentine nationals who filed claims regarding alleged losses arising from the investment in the Libra token before November 22, 2025.<\/p>\n<p>Even so, there is no certainty in how many of these funds will be distributed.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/libra-trust-prepares-to-distribute-controversial-crypto-millions-to-argentine-companies\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways The Libra Trust got 71 apps and will next fund Argentine firms seeking to grow. To fight scam claims, Hayden Davis sent funds on Nov 22 to the trust, which will distribute grants by November. To restore market trust, the fund could next pay Viva La [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":72999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72998"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72998"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72998\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72999"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}