According to CoinDesk, Argentina’s judiciary has terminated 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 determined that Milei’s promotion of LIBRA did not meet legal criteria for fraud, even though his involvement drew considerable public attention to the cryptocurrency.
The investigation focused on concerns tied to Milei’s remarks encouraging citizens to consider LIBRA amid its sharp market downturn. Authorities reviewed whether such statements could have induced financial actions that constitute fraudulent behavior under Argentine law. After evaluation, the judge concluded there was no basis for criminal charges based on the available evidence.
No further action is planned regarding this matter. The ruling reflects the judicial determination that promotional remarks alone, absent proof of deliberate deception or misleading intent coupled with verifiable financial harm, do not satisfy the threshold for a fraud investigation in this context.
