Milei and his sister Karina cleared in $LIBRA crypto scandal

President Javier Milei and his sister Karina Milei, along with nine other defendants, have been cleared of charges in the investigation of the $LIBRA cryptocurrency scandal, according to a ruling from Federal Judge Marcelo Martínez De Giorgi. The judge determined that the events surrounding the launch and collapse of the token did not meet the legal criteria for a criminal offense.

The $LIBRA cryptocurrency scandal emerged in early 2025 when President Milei promoted the token, which subsequently plummeted in value, resulting in significant financial losses for thousands of investors. The investigation alleged that the crypto entrepreneurs involved, such as Mauricio Novelli and Manuel Terrones Godoy, as well as Hayden Mark Davis, the U.S. crypto expert who promoted $LIBRA, had engaged in a "pump and dump" scheme and insider trading.

However, the judge ruled that there was insufficient evidence to prove fraud, emphasizing that the mere sequence of events does not constitute a fraudulent scheme.