Javier Milei cleared in LIBRA memecoin scandal as judge dismisses charges

After almost 19 months, Argentina’s Federal Judge Marcelo Martínez de Giorgi has finally dismissed the criminal case against President Javier Milei, his sister Karina Milei, and several other individuals linked to the controversial LIBRA cryptocurrency. The LIBRA memecoin scandal Launched on the 14th of February 2025, President Milei had faced scrutiny after promoting the LIBRA memecoin. This was because the memecoin was presented in such a way that it appeared to fund small businesses but in reality surged to a $4.6 billion market capitalization before collapsing and wiping out billions in value. Back then, reports alleged that insiders withdrew millions of dollars, raising concerns about a potential rug pull and market manipulation.

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