Court Ends Criminal Inquiry Into Milei’s Support for LIBRA Token

A criminal investigation into Argentine President Javier Milei’s support for the LIBRA memecoin has been dropped after a judge found that his promotion of the token did not constitute fraud. The decision closes the inquiry described in the available report, although it does not erase the controversy surrounding the episode.

What the ruling addressed

The case focused on Milei’s public support for LIBRA and whether that support met the legal standard for fraud. The judge concluded that it did not. The ruling therefore separates the political attention generated by the president’s endorsement from the criminal finding at the center of the investigation.

The available information does not provide the judge’s name, the court’s jurisdiction, the date of the decision, or details about how LIBRA traded. It also does not describe any civil claims, additional investigations, or other legal proceedings connected with the token. Those details would be needed to assess the broader consequences of the decision.

Why the case matters for crypto markets

The episode highlights how public backing from a political leader can bring substantial attention to a digital asset, even when the available account does not establish that the promotion was fraudulent. For crypto-market participants, the case also illustrates the difference between a token’s public profile and a court’s assessment of whether conduct satisfied a criminal offense.

LIBRA is described in the source material as a memecoin, but no further information is provided about its issuer, blockchain, token supply, trading venues, or subsequent performance. Without those facts, the ruling’s impact on the asset itself cannot be determined from the available report. The immediate legal outcome, however, is that the criminal probe into Milei’s promotion was dropped.

Source: Coindesk