Burwick Law's class-action lawsuit against promoters of the LIBRA meme coin has been transferred from state to federal jurisdiction. The lawsuit, which also involves the M3M3 token, is focused on civil penalties and does not target Argentinian government officials. The scandal surrounding the LIBRA coin has caused upheaval in Argentina's crypto community, with ongoing criminal investigations against key figures. The lawsuit in the US, now at the federal level, primarily targets private backers like Hayden Davis and Benjamin Chow. The shift to federal court was requested by Chow and approved by Judge Jennifer Rochon. By combining the LIBRA lawsuit with another case involving Davis, the court aims to streamline proceedings and demonstrate recurring behavior patterns. Burwick Law's focus on proving fraudulent promotion by private individuals may increase the lawsuit's chances of success, while avoiding interference with Argentina's domestic prosecution efforts. Read more AI-generated news on: https://app.chaingpt.org/news