Court Clears Milei In The LIBRA Case
Argentine President Javier Milei has been cleared of criminal wrongdoing in the LIBRA meme coin scandal following a federal court ruling concerning the cryptocurrency’s promotion and subsequent collapse.
JUST IN: 🇦🇷 Argentina drops criminal investigation into President Javier Milei over $LIBRA crypto memecoin scandal. https://t.co/qx5bj6coOL
— Watcher.Guru (@WatcherGuru) October 23, 2026
On Friday, Federal Judge Marcelo Martinez de Giorgi reportedly dismissed the allegations, finding insufficient evidence of fraud connected to the token’s collapse. The ruling also cleared Milei’s sister, Karina Milei, and nine other individuals who had been accused in connection with the token’s launch.
How The LIBRA Saga Unfolded
The investigation started in February 2025 after the token gained widespread attention when Milei posted his thoughts regarding the cryptocurrency on X. However, the token suffered a dramatic rally followed by a crash within hours, leaving investors feeling loss and questions on how the token was launched and promoted.
Meme coins are cryptocurrencies which often become popular with online communities and celebrities, they have volatile prices. This is due to the popularity of the coin rising and falling. In LIBRA’s case, the speed of its rise and collapse became a central part of the controversy.
Why The Judge Found No Evidence Of Fraud
Milei’s public post attracted scrutiny because of its potential influence on investor interest. However, according to the reported court ruling, the fact that his involvement may have drawn attention to the token did not establish that he had committed fraud.
The decision represents a significant development in the legal proceedings surrounding the incident. It distinguishes between the possible effect of a public figure’s promotion on market interest and the evidence required to establish criminal wrongdoing.
The ruling does not change the reported sequence of events surrounding LIBRA’s price surge and collapse, nor does it eliminate the broader questions raised about the risks associated with meme coins and publicly promoted digital assets.
For investors, the episode highlights how rapidly market enthusiasm can shift and how social media attention can influence interest in speculative tokens. It also illustrates the distinction between financial losses following a token’s collapse and proof of criminal conduct.
According to the supplied report, the court found insufficient evidence to sustain the fraud allegations against Milei and the other individuals named in the case.
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