Argentine Judge Dismisses LIBRA Criminal Case Against Milei and 10 Others
An Argentine judge has dismissed the criminal case against President Javier Milei and 10 other defendants tied to the collapsed LIBRA memecoin, according to The Defiant. The ruling also covers Karina Milei, the president’s sister, and Hayden Davis, who helped launch the token, The Defiant reported.
According to The Block, the judge’s 60-page ruling found no “criminally relevant deception” in the case, concluding that Milei’s social media post promoting LIBRA did not, by itself, establish fraud. CoinDesk reported that Argentina has now dropped its criminal probe into the president over the token, which crashed after launch.
The Defiant noted that a separate civil matter in New York — a class action brought by investors who lost money on LIBRA — was dismissed earlier, in September. That dismissal was a civil case rather than a criminal one, distinct from the Argentine proceeding now thrown out.
The LIBRA token drew scrutiny after Milei promoted it online and its price subsequently collapsed, wiping out value for buyers who entered following his endorsement. The criminal dismissal removes one of the most prominent legal threats arising from the episode, though the ruling addresses only the question of criminal fraud under Argentine law and does not speak to any other potential liability tied to the token’s launch and collapse.
Sources: The Defiant, CoinDesk, The Block
This article is for information only and is not financial advice.
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