Argentine judge clears President Milei of wrongdoing in meme coin scandal
The judge said the reported events were not criminal and found no proven deception in the coin case.
- On Friday, federal judge Marcelo Martinez de Giorgi dismissed a criminal investigation into Argentine President Javier Milei and Karina Milei regarding a meme coin scandal involving LIBRA.
- Accusations surfaced after Milei recommended the LIBRA coin on Twitter in February 2025, triggering a brief rally before the price plummeted, causing significant losses for investors.
- During a Todo Noticias interview, Milei insisted he acted "in good faith" and that "I didn't promote it, I merely shared it," maintaining investors participated "voluntarily."
- Dismissing the case at the request of prosecutor Eduardo Taiano, Martinez de Giorgi concluded "the reported events do not fall under a legal category" and no "criminally relevant deception" occurred.
- While Congress had planned impeachment proceedings citing a potential "rug pull," the Anti-Corruption Office investigated the matter, though Milei has yet to comment on the decision.
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Zeit Online
In Argentina, the criminal proceedings against President Javier Milei and his sister have been suspended in connection with a large-scale cryptocurrency fraud. "The reported events are not a criminal offence," Judge Marcelo Martínez de Giorgi ruled in a judgment that was received by the news agency AFP on Friday.Milei had the cryptocurrency $LIBRA, which was designated by experts as a snowball system, in February 2025 in a post on the online ser…
Javier Milei can breathe: The allegation of crypto fraud is off the table for the time being. The judiciary is closing the investigation against the Argentine president. The opposition is outraged.
Argentine judge dismisses case against Milei over alleged crypto scam
BUENOS AIRES: A federal judge on Friday dismissed a criminal case against Argentine President Javier Milei and his sister, in which they were accused of promoting a suspected cryptocurrency scam that resulted in at least US$100 million in losses for investors.
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