Argentina drops criminal investigation into President Javier Milei over $LIBRA memecoin

A federal judge ruled there was no proof of deception behind the token's collapse, closing the case against Milei, his sister Karina, and nine others pending any appeals Argentina has closed its criminal investigation into President Javier Milei over the $LIBRA memecoin scandal. On October 23, 2026, Federal Judge Marcelo Martínez de Giorgi dismissed the case against Milei, his sister Karina Milei, and nine other people. The decision ends a saga that started with a single social media post. That post ended up costing investors a reported $251 million. The ruling followed a recommendation from prosecutor Eduardo Taiano. He concluded there was insufficient evidence that any crime had been committed. The allegations on the table were serious. They included fraud, influence peddling, and abuse of authority.

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