Argentina judge drops Milei LIBRA criminal probe
In short
An Argentine judge dropped a criminal probe into President Javier Milei over the memecoin LIBRA. The summary says the judge decided Milei’s promotion of LIBRA was not fraud.
This matters because the case had raised questions around the token and Milei’s role in promoting it. The reporting does not say whether any other legal action is still going on.
What the reporting says
An Argentine judge dropped the criminal probe into President Javier Milei over the crashed memecoin LIBRA. According to the supplied CoinDesk summary, the judge found that Milei’s promotion of LIBRA did not amount to fraud, despite the attention his support drew to the token. The reporting does not state whether any other cases remain open or what happens next.
Why it matters
An Argentine judge has dropped the criminal probe into President Javier Milei over the crashed memecoin LIBRA. The supplied summary says the court found that his promotion of the token did not constitute fraud, even though it drew attention to LIBRA. The reporting does not mention penalties, a separate civil case, or any market reaction.