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Crypto Regulation

Argentine judge drops criminal probe of President Milei over LIBRA token

Argentine federal judge Marcelo Martinez de Giorgi dismissed the criminal investigation into President Javier Milei and his sister Karina Milei over the LIBRA cryptocurrency scandal, court records show, ruling that the reported events did not constitute a statutory crime and that no criminally significant deception was proven. Milei promoted LIBRA on X in February 2025, saying it would fund small businesses and startups; the token surged, then crashed after he deleted the post hours later, with most investors losing most of their money.

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AI take

The dismissal turns on a legal threshold rather than a factual exoneration: the judge found no statutory crime and no criminally significant deception, leaving the promotional conduct and the token's collapse unaddressed as a matter of law. That distinction matters for how political and reputational risk around token endorsements is priced, since civil or electoral exposure can persist where criminal liability does not. The open question is whether this ruling becomes a reference point for other jurisdictions weighing how far promotional statements about tokens can go before they cross a legal line.

Generated by AI for reference only.

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