Press Enter to search · ESC to close

Crypto Regulation

Argentine court drops criminal probe into Milei siblings over LIBRA memecoin

An Argentine federal judge, Marcelo Martínez de Giorgi, ordered the dismissal of a criminal investigation into President Javier Milei and his sister Karina Milei over their roles in the LIBRA memecoin episode, court records showed. Prosecutor Eduardo Taiano had requested the case be dropped. The probe, opened in February 2025, examined possible fraud in the token’s issuance after Milei promoted it on X, the price collapsed and he deleted the post.

Original source

AI take

The dismissal closes the criminal track but not the reputational one: a prosecutor's own request to drop the case suggests the legal theory around promotional conduct and token issuance was weak, which matters beyond Argentina as a precedent for how political endorsements of memecoins are treated. It also shifts scrutiny toward non-criminal channels, such as legislative or electoral accountability at home. Whether the LIBRA episode leaves lasting institutional scars, or fades as a legal dead end, is the open question worth tracking.

Generated by AI for reference only.

Share

Related News

TREE NEWS share card
Long-press image above → Save to Photos / Share
Pitch us Feedback