Argentina drops criminal probe into President Milei over crashed memecoin LIBRA
The judge found that Milei's promotion of LIBRA did not constitute fraud, despite the attention his support drew to the token.
Argentine President Javier Milei has been cleared of criminal charges related to his promotion of the memecoin LIBRA, according to a ruling by a federal judge. The case, which also involved Milei's sister Karina and several others, was dismissed due to insufficient evidence of fraud or deception. Milei had endorsed LIBRA on social media in February 2025, but the token subsequently crashed, leading to a loss of over $250 million in investor wealth.
The judge found no evidence that Karina Milei sought or received money in exchange for her father's support, or that proceeds from LIBRA reached public officials. The case had been opened ahead of Argentina's 2025 midterm elections, with prosecutors seeking to harm Milei's reputation.
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