Milei Cleared of Criminal Charges in Libra Crypto Case as Court Finds No Proven Fraud

An Argentine federal judge dismissed all criminal fraud charges against President Javier Milei and his sister Karina Milei tied to the 2025 promotion of the $LIBRA token.

• The promotional spike: In February 2025, Milei posted about $LIBRA on X as a funding tool for domestic small businesses, sending the token from $0.01 to nearly $5 before it fell over 90%.
• The judicial ruling: Federal Judge Marcelo Martínez de Giorgi accepted Prosecutor Eduardo Taiano’s assessment that the evidence showed no criminal fraud under Argentine legal statutes, officially archiving the case.
• The post-verdict pivot: Following the dismissal, Milei publicly criticized several media organizations, citing reputational harm and signaling potential legal steps against specific outlets.

As courts differentiate public endorsements from statutory fraud, expect digital asset promoters to leverage higher-profile political platforms with limited direct legal accountability.