According to CoinDesk, Argentina’s judiciary has decided to end a criminal probe opened against President Javier Milei related to his public support for the memecoin LIBRA after the token experienced a significant price decline. The decision followed an assessment by the judge handling the case, who concluded that Milei’s promotion of LIBRA did not meet legal criteria for fraud, even though his remarks drew considerable public attention to the cryptocurrency.
The investigation was initiated following Milei’s statements encouraging citizens to consider LIBRA amid its sharp market drop. Authorities examined whether those remarks constituted a deceptive practice or violated financial regulations. After reviewing the evidence, the judge determined that expressing support for a volatile digital asset, absent indications of deliberate misrepresentation or regulatory non‑compliance, fell outside the scope of fraud under current law.
No further action will be taken against Milei concerning this matter. The closure of the probe reflects the judicial finding that promotional remarks alone do not constitute criminal fraud in the context of a crashed memecoin.
