Argentina drops criminal probe into President Milei over crashed memecoin LIBRA
An Argentine judge has dismissed a criminal investigation into President Javier Milei and his sister regarding their promotion of the LIBRA memecoin. The court found no evidence of fraud, concluding that the president's endorsement did not constitute a criminal act despite the token's subsequent 95% value collapse.
Why it matters
The ruling clarifies the legal boundaries of political figures endorsing volatile digital assets and concludes a high-profile case involving the Argentine presidency.
Traduit par IA 2 min de lecture Make preferred on Partager Partager cet article Copier le lien X icon X (Twitter) LinkedIn Facebook Email Make preferred on Résumé Afficher An Argentine judge dismissed the criminal probe into President Javier Milei, his sister Karina and LIBRA adviser Hayden Davis. The judge found that Milei's promotion of LIBRA did not constitute fraud, despite the attention his support drew to the token. LIBRA lost more than 95% of its value after reaching about $5, while wallets linked to its creator withdrew around $99 million in cryptocurrency. An Argentine federal judge has dismissed the criminal case against President Javier Milei over his promotion of LIBRA, a memecoin that crashed soon after its launch in February 2025.
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