Argentina drops criminal investigation into President Javier Milei over $LIBRA memecoin

Argentina has closed its criminal investigation into President Javier Milei over the $LIBRA memecoin scandal. On October 23, 2026, Federal Judge Marcelo Martínez de Giorgi dismissed the case against Milei, his sister Karina Milei, and nine other people. The decision ends a saga that started with a single social media post. That post ended up costing investors a reported $251 million. What the judge decided The ruling followed a recommendation from prosecutor Eduardo Taiano. He concluded there was insufficient evidence that any crime had been committed. The allegations on the table were serious. They included fraud, influence peddling, and abuse of authority. Judge Martínez de Giorgi rejected the fraud charge, known in Argentina as “estafa.” His reasoning was that nobody had proven deception connected to the losses investors suffered. He also pointed to something crypto traders already know well. In his view, the wild price swings around $LIBRA were typical behavior for memecoins. The judge drew one more key distinction. He classified Milei’s promotion of the token as a personal action, not an official government endorsement. How $LIBRA blew up The story goes back to February 14, 20...