Court clears Milei siblings in $LIBRA cryptocurrency case
Judge agrees investor losses and the token’s collapse were insufficient to establish fraud, dismissing allegations against the President, his sister and nine other defendants following prosecutor's request. Leer más
Federal Judge Marcelo Martínez de Giorgi dismissed the criminal case against President Javier Milei, his sister Karina Milei, and nine other defendants over the promotion of the $LIBRA cryptocurrency. The court ruled that the events did not constitute a criminal offense, as the alleged losses suffered by investors and the token's rise and fall were not sufficient to establish fraud.
The case centered on Milei's social media post promoting the $LIBRA cryptocurrency in February 2025, which subsequently crashed and caused investors to lose an estimated US$100 million. President Milei has since responded to the ruling with a series of social media posts and demanded compensation for the false accusations. The judge also dismissed allegations of abuse of authority and incompatible public office dealings, finding that Milei's social media post was not accompanied by administrative acts or the use of state resources.
Brief written by urgent.news from Buenos Aires Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
