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Crypto Regulation

Argentine Judge Dismisses LIBRA Criminal Case Against Milei and 10 Others

An Argentine judge dismissed the criminal case tied to the LIBRA token against President Javier Milei and 10 other defendants, including his sister Karina Milei and Hayden Davis. A separate investor class action filed in New York was dismissed in September. The ruling closes, for now, the criminal track of litigation over the token’s promotion.

Original source

AI take

The dismissal shifts the LIBRA dispute almost entirely onto political and reputational ground, since both the criminal track in Argentina and the New York class action have now been closed. The ruling is a direct relief for Milei's inner circle, given that family members were among the defendants, and it removes a legal overhang that could have shadowed the president's agenda. Whether the underlying investor grievances resurface through other channels, and how the episode colors scrutiny of politically promoted tokens, is the open question worth watching.

Generated by AI for reference only.

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