Argentina drops criminal probe into President Milei over LIBRA token

Argentina has dropped a criminal probe into President Javier Milei regarding the crashed memecoin LIBRA. An Argentine judge cleared President Javier Milei and ten others in the LIBRA case. The decision ends the criminal investigation into the token's promotion.

The judge found that President Milei's promotion of the LIBRA token did not constitute fraud. The ruling concluded that the president's post promoting the LIBRA token did not establish fraud by itself. The judge determined there was no criminally relevant deception in the case involving Milei and the LIBRA token.

The legal decision specifically addresses the actions taken by the president and the ten other individuals named in the case. The focus of the judicial review was on whether the promotion of the digital asset met the legal threshold for criminal fraud.