Argentine Judge Dismisses Milei LIBRA Criminal Case

A federal judge in Argentina dismissed the criminal case against President Javier Milei, his sister Karina Milei and nine other defendants over the promotion and collapse of the LIBRA cryptocurrency, ruling that the evidence did not establish the alleged crimes. Federal Judge Marcelo Martínez de Giorgi issued the decision on October 23, 2026, after accepting prosecutor Eduardo Taiano’s request to dismiss the investigation. The case is to be archived once the ruling becomes final, leaving open the possibility of a challenge before that happens. The judge found that investor losses and LIBRA’s sharp rise and fall in value did not, by themselves, prove fraud. The ruling said prosecutors would need evidence of deception meeting the threshold for criminal liability. Reports put the losses at different amounts, but the accounts do not establish a common calculation scope, so the figures cannot be treated as directly comparable. Milei’s role in the case stemmed from a social-media post promoting LIBRA on February 14, 2025. He deleted it hours later as the token’s value fell and subsequently said he had not known the project’s details. Martínez de Giorgi concluded that the post was...