Argentine Judge Clears President Milei and 11 Others in LIBRA Meme‑Coin Case

A federal judge in Argentina dismissed criminal charges against President Javier Milei, his sister Karina, and nine other individuals in the LIBRA meme‑coin controversy. Judge Marcelo Martínez de Giorgi ruled that Milei’s promotion of the token on X on February 14, 2025, and the subsequent 95 % price collapse did not constitute fraud, citing a lack of evidence linking the promotion to deceptive intent or use of public resources. The judge’s 60‑page decision noted that economic loss alone does not prove a crime and that no formal suspect questioning occurred for any of the 11 defendants. Critics, including opposition deputy Maximiliano Ferraro, accuse the ruling of being a judicial cover‑up, and some former plaintiffs have requested the Federal Cassation Court to reinstate the case for appeal. The court has archived the matter, but the possibility of reopening the appeal remains.