In brief
A federal judge has curtly ended the probe that tied Argentine President Javier Milei and his sister to the $Libra cryptocurrency fiasco. Judge Marcelo Martinez de Giorgi ruled that the alleged actions do not meet a legal definition and found no criminal deception evidence. Milei famously posted about the coin on X, which spiked in price before crashing after he erased the tweet, sparking calls for impeachment. While the Anti‑Corruption Office will still assess potential impropriety, the court’s decision lifts immediate federal legal pressure.
A federal judge has dropped the criminal investigation that linked Argentine President Javier Milei and his sister to a cryptocurrency scandal known as $Libra.
Judge Marcelo Martinez de Giorgi dismissed the case at the request of prosecutors, ruling that the events do not fit a legal category and that no criminal deception had been proven.
Milei had been accused of promoting the $Libra coin on X, which rose sharply in price after his public post but crashed within hours when the president deleted the tweet.
The fallout drew calls from opposition lawmakers for impeachment, with some commentators characterizing the incident as a rug pull.
The president maintains that he merely shared a link, stating he acted in good faith and that investors entered voluntarily knowing the risks.
The Anti-Corruption Office will continue to examine whether Milei acted improperly, but the court’s decision removes any immediate federal legal pressure.
